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FMC gets jolt in Kailash Gupta case as Gujarat HC sets aside order
In a major blow to the Forward Markets Commission (FMC), the Gujarat High Court has set aside the commodity markets regulator's order against Kailash Gupta, the promoter of Ahmedabad–based National Multi Commodity Exchange (NMCE).
The bench of the Gujarat High Court, including Justices V N Sahai and A J Desai, set aside the order on Friday.
“I had faith in the Indian judiciary. Finally,
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