Case Law Analysis
|Bombay High Court
SEBI Master Circular | Broker’s Duty to Provide Real-Time Trade Confirmation Overrides Contractual Disclaimers After Glitch : Bombay HC
The Bombay High Court has ruled that brokers cannot evade liability for failing to deliver accurate real-time trade confirmations during exchange glitches, even when client agreements contain risk disclaimers. This decision enforces SEBI’s regulatory mandate as a non-negotiable statutory obligation, directly impacting all registered brokers and retail investors relying on timely trade data for risk management.