National Spot Exchange Ltd counsel S U Kamdar urged the court to appoint a court commissioner as they expected Rs 80 crore to trickle in following settlement with borrowers.
However, a division bench refused to grant relief saying they would first admit the petitions and then decide on the proposal of appointing a court commissioner.
Hearing a bunch of petitions filed by investor groups, including the one filed by president of Investors Grievances Forum Kirit Somaiya, a bench headed by Justice Abhay Oka said it would not appoint a court commissioner at this stage.
Earlier, the court had asked market regulator Forwards Market Commission to supervise the operations of NSEL and settlement with borrowers.
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Other PILs filed by investors alleged malpractices by the bourse in settlement procedures, saying preference was given to bullion deals while ignoring other transactions.
The court had earlier directed all the respondents, including Central Board of Direct Taxes, NSEL and its promoter Jignesh Shah to file their replies.