Bombay High Court Dismisses Criminal Writ in Case Involving Multi Commodity Exchange of India Ltd; Cost Imposed
The Bombay High Court has dismissed a criminal writ filed by Multi Commodity Exchange of India Ltd, imposing a fine as the company's counselled towards the Bar Council of Maharashtra and Goa's Advocate Academy and Research Centres.The order was uploaded on July 04, 2026, concerning the dismissal of Criminal Writ No 3926/2017, which had been filed by the exchange in 2017. As a result of the court ruling, Multi Commodity Exchange of India Ltd is obligated to pay a cost of Rs. 5,00,000 (Five Lakh) to the Bar Council of Maharashtra and Goa's Advocate Academy and Research Centres.
The dismissal follows a background where an audit of the Company’s operations spanning from 2003 to 2013 was conducted. This audit identified certain findings pertaining to dealings with various vendors.
In light of these past findings, the company has been pursuing matters in the Bombay High Court related to the registration of First Information Reports (FIRs) and investigations by the police and Economic Offences Wing (EOW) against the entities and individuals involved in the aforementioned transactions.
Regarding the overall impact, Multi Commodity Exchange of India Ltd stated that it does not anticipate any financial implication from the matter other than the Rs. 5 Lakh cost imposed by the court. The Company also indicated the possibility of challenging the order.
The details of the ruling and the ongoing investigation are summarized below:
| Authority | Outcome | Financial Implication |
|---|---|---|
| Hon'ble Bombay High Court | Dismissed criminal writ no 3926/2017 (Order uploaded July 04, 2026) | Cost of Rs. 5 lakh payable to Bar Council of Maharashtra and Goa's Advocate Academy and Research Centre |
The company had filed the criminal writ, noting that there was no violation alleged against Multi Commodity Exchange of India Ltd itself in the matter.
MCX Stock Price Movement
Multi Commodity Exchange of India Limited shares slipped by 3.09% on Monday, closing at ₹2723.1. The stock saw a trading volume of 3.74 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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