NSE-SGX's fail to arrive at consensus over invoking arbitration clause

Bombay High Court extends interim injunction till May 26

After over 10 hours of arguments at the Bombay High Court on Wednesday, the National Stock Exchange (NSE) and Singapore Exchange (SGX) failed to arrive at a consensus with regard to an arbitration clause. The argument will resume at the court’s vacation bench led by Justice SJ Khathawala on May 26.  

“The injunction order has been extended till Saturday. Meanwhile, we would explore all option to arrive at a consensus to obtain an arbitration order from the high court,” said NSE counsel.

This is after NSE filed a lawsuit against the overseas bourse for an interim injunction on the new products.

“After hearing