NSE v Moneylife Media (2015) | Injunction Against Journalists Explained

Case 16 of 30 in Law Easy's Media Law series. National Stock Exchange of India v. Moneylife Media, Bombay High Court, decided 2015. FACTS In June 2015 the online magazine Moneylife published an article by Sucheta Dalal and Debashis Basu, relying on a whistleblower's letter to the market regulator. It alleged that the National Stock Exchange had allowed some traders unfair advantages in high-speed trading. The exchange sued for defamation and asked for an injunction. WHAT THE COURT HELD In September 2015 Justice G. S. Patel of the Bombay High Court refused the injunction, finding no prima facie case, and called the suit a gross abuse of the process of the court. He ordered the exchange to pay costs of one and a half lakh rupees to each journalist and 47 lakh rupees as exemplary costs to two hospitals for the free treatment of poor patients. EXAM POINT A powerful claimant does not get an injunction merely because an investigation is embarrassing. Heavy costs can discourage a SLAPP suit. PREVIOUS CASE: Crop Care Federation of India v. Rajasthan Patrika - https://youtu.be/bRsi6A2Nln0 NEXT CASE: Bloomberg Television Production Services India v. Zee Entertainment Enterprises - https://youtu.be/qHfVlO3NLP8 FULL PLAYLIST (all 30 cases in order): https://www.youtube.com/playlist?list=PLY-t71WbMh6k COMPLETE LECTURE (all 30 cases, 1 hour 52 minutes): https://youtu.be/8AFvktrLPM4 Made for LL.B. students and for CLAT PG, UGC NET Law and judiciary exam preparation. Subscribe to Law Easy for the full law course. Notes: https://www.thelaweasy.com #MediaLaw #Defamation #LawEasy