Bombay High Court Orders Removal of Fake National Stock Exchange Accounts

The Bombay High Court has intervened to protect investors by ordering social media platforms and domain registrars to eliminate fake accounts and websites impersonating the National Stock Exchange (NSE).  

The court's decision aims to safeguard potential investors from fraudulent stock market guidance. 

High Court's Directive Against Fake NSE Accounts 

On April 10, 2026, the Bombay High Court issued an interim order directing platforms such as X and Google-owned YouTube to remove fake accounts emulating the National Stock Exchange. 

This decision came after NSE filed a petition alleging trademark infringement and passing off against unidentified individuals operating these fake accounts. 

The court's action seeks to prevent unsuspecting investors from being misled by accounts that falsely represent themselves as affiliated with NSE, promising investment guidance and insights. 

Named Respondents in the Legal Order 

The order included several respondents, among whom were X Corp, Google LLC, and administrators of WebsiteBeing, Namecheap, and GoDaddy.  

These entities were identified in the lawsuit for managing platforms or domains hosting imposter accounts and websites. 

WebsiteBeing's URL and Trademark Infringement 

NSE's complaint also targets WebsiteBeing for operating www.nsetrend.com, a site using NSE's distinctive trademarks and branding to imply a false association.  

The site allegedly misleads users by replicating NSE's distinct colour scheme and mark. 

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Court's Justification for Immediate Action 

According to Justice Sharmila Deshmukh, the need for immediate intervention arises from the potential for unsuspecting investors to make significant investments based on misleading information supplied by these fraudulent accounts. 

This protective measure reinforces the court's commitment to public interest and the integrity of financial market operations. 

Conclusion 

The Bombay High Court's order highlights its role in upholding the integrity of the financial market, directing the removal of fake NSE accounts to prevent investor manipulation. This stance illustrates the judicial system's proactive approach to protecting genuine market participants. 

Disclaimer: This has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.