Madras High Court
WP/2356/2022 of Manoj K Sheth Vs Multi Commodity Exchange of India Ltd ( MCX) on 8 October 2026
WP No. 2356 of 2022
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 08-10-2026
CORAM
THE HON'BLE MS. JUSTICE P.T. ASHA
WP No. 2356 of 2022
CNR:{HCMA011564732021}
AND
WMP Nos.2509, 2512 and 2514 OF 2022
Manoj K Sheth
..Petitioner(s)
Vs
1. Multi Commodity Exchange of India Ltd ( MCX)
Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
2. Saurabh Chandra, Chairman- MCX
Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
3. P.S.Reddy, MD and CEO- MCX
Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
4. The Securities and Exchange Board of India Southern Regional office (SRO), 2nd Floor,756-L, Anna Salai, Chennai- 600 002, Tamil Nadu, Also having their corporate office at. Plot No.C4-A, G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra- 400 051.
..Respondent(s)
WP No. 2356 of 2022
Prayer: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus directing the 4th respondent herein to appoint an external audit agency having valid credentials to conduct an investigation / audit and seek periodic status reports of the audit into the software contract awarded by the 1st Respondent to a London Based Firm PSEB for the purpose of developing software for the spot exchange trading platform.
For Petitioner(s):
Mr.Nithyaesh Natraj
for
M/s.Nithyaesh and Vaibhav
For Respondent(s):
Mr.Satish Parasaran, Senior Counsel
for Mr.Rahul Balaji
for R1 to 3
Mr.C.Prasanna Venkatesh for R4
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Order
This writ petition has been filed seeking a mandamus to direct the 4th respondent herein to appoint an external audit agency having valid credentials to conduct an investigation / audit and seek periodic status reports of the audit into the software contract awarded by the 1st Respondent to a London Based Firm PSEB for the purpose of developing software for the spot exchange trading platform.
WP No. 2356 of 2022
2. It is now brought to the notice of this Court that the 4th respondent-Adjudicating Officer had already passed an order on 04.01.2023 and, therefore, nothing survives for consideration in this writ petition.
3. Accordingly, this writ petition is dismissed as infructuous. No costs. Consequently, connected miscellaneous petitions are closed. 08-10-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No SRN To
1. Multi Commodity Exchange of India Ltd ( MCX) Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
2. Saurabh Chandra, Chairman- MCX Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
3. P.S.Reddy, MD and CEO- MCX Exchange Square, Suren Road, Andheri (E), Mumbai- 400 093.
4. The Securities and Exchange Board of India Southern Regional office (SRO), 2nd floor,756-L, Anna Salai, Chennai- 600 002, Tamil Nadu, Also having their corporate office at. Plot No.C4-A, G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra- 400 051.
WP No. 2356 of 2022
P.T.ASHA J. SRN WP No. 2356 of 2022 AND WMP Nos.2509, 2512 and 2514 OF 2022 08-10-2026