NEW DELHI: The Supreme Court of India on 11th Feb, ruled that a husband can be held responsible for the losses in his wife’s stock trading account if there was an oral agreement and shared financial dealings. A Bench of Justices PS Narasimha and Sandeep Mehta stated that an arbitral tribunal can exercise jurisdiction over the husband under Bye-law 248(a) of the Bombay Stock Exchange (BSE) Bye-laws, 1957.
