C
HANAKYA
N
ATIONAL
L
AW
U
NIVERSITY
M
ITHAPUR
, P
ATNA
C
ORPORATE
L
AW
-II
“S
ECURITIES
L
ITIGATION
IN
I
NDIA
: C
ASE
S
TUDY
ON
M
ULTI
C
OMMODITY
E
XCHANGE
OF
I
NDIA
VERSUS
C
ENTRAL
E
LECTRICITY
R
EGULATORY
C
OMMISSION
”
Session- 2016 to 2012
Academic Year- 2019 to 2020
S
UBMITTED
B
Y
Sakshi Mohan
Roll No.-1555
Section A, Fourth Year
B.A.L.L.B. (Hons)
S
UBMITTED
TO
Mrs Nandita Jha
Faculty, Chanakya National Law University
1 |
P a g e

R
ESEARCH
D
ESIGN
R
ESEARCH
M
ETHODOLOGY
The researcher has opted for doctrinal method of research.
S
OURCES
OF
D
ATA
The researcher has relied on secondary sources of data, books, research articles among other.
S
COPE
AND
L
IMITATION
The researcher would endeavour her best to cover the allotted topic, fruitfully, however, due
to the field being dynamic in nature and there being paucity of time, the researcher has
limited herself to the case study and related legal-market concepts of trading instruments in
Electricity.
S
TYLE
OF
W
RITING
The researcher has used both descriptive and analytical style of writing
M
ODE
OF
C
ITATION
The researcher has used uniform mode of citation
H
YPOTHESIS
The researcher has hypothesised that electricity being a commodities market good, the same
should be governed by Securities Contract Regulation Act, 1952.
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P a g e

A
CKNOWLEDGMENT
AND
D
ECLARATION
I would like to thank my faculty Mrs Nandita Jha whose assignment of such a relevant topic
made me work towards knowing the subject with a greater interest and enthusiasm and
moreover he guided me throughout the project.
I owe the present accomplishment of my project to my friends, who helped me immensely
with sources of research materials throughout the project and without whom I couldn’t have
completed it in the present way.
I would also like to extend my gratitude to my parents and all those unseen hands who helped
me out at every stage of my project.
Regards
Sakshi Mohan
Roll No- 1555
Section A- B.A.L.L.B. (Hons)
D
ECALARTION
I, Sakshi Mohan of IVth Year, Chanakya National Law University, hereby declare that this
Project is an original work of the Student and the Researcher shall take all responsibilities
which would arise from the said Research Project Titled, ““Securities Litigation in India:
Case Study on Multi Commodity Exchange of India versus Central Electricity Regulatory
Commission”
Details
Sakshi Mohan
IVth Year, BALLB (Hons)
2016-21
Chanakya National Law University
3 |
P a g e

T
ABLE
OF
C
ONTENTS
Research Design_____________________________________________________________2
Research Methodology______________________________________________________2
Sources of Data____________________________________________________________2
Scope and Limitation_______________________________________________________2
Style of Writing____________________________________________________________2
Mode of Citation___________________________________________________________2
Hypothesis________________________________________________________________2
Acknowledgment and Declaration_______________________________________________3
Decalartion_______________________________________________________________3
Table of Contents____________________________________________________________4
Introduction_________________________________________________________________5
Multi Commodity Exchange versus Central Electricity Regulatory Commission___________6
Facts____________________________________________________________________6
Issues____________________________________________________________________6
Judgment Of The Court______________________________________________________7
Electricity Distinguished_____________________________________________________7
Limited role of FMC and MCX_______________________________________________8
Exclusive jurisdiction -difficult________________________________________________9
Instruments dealing in Electricity under Relevant Law______________________________10
Understanding the Physical and Financial Market for Electricity______________________11
Trading in Electricity: Current Scenario________________________________________12
Proposed Solution___________________________________________________________13
Conclusion_________________________________________________________________14
Bibliography_______________________________________________________________15
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