HC allows defendant broker unconditional leave to defend suit as issues raised were fair and reasonable

COMPANY LAW/SEBI : Where in a suit filed by applicant for recovery of amount invested by it with defendant-brokerage house, defendant filed an affidavit raising triable issues such as, there was no privity of contract between parties, no amount was invested by applicant with defendant and documents, which had been relied upon by applicant to buttress their case of contract with defendant, were forged, since, defence of defendant appeared to be a fair and reasonable defence,

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