Indian stock exchanges finally managed to stay away from disclosing all their information as a decision bench of the Delhi High Court on Tuesday stayed the decision passed by a single bench to bring in the stock exchanges under the Right to Information (RTI) Act.

The decision bench, which stayed the order passed by Justice Sanjeev Khanna on April 15, was spearheaded by acting Chief Justice Madan B Lokur.

Earlier Justice Khanna had rejected a plea from the National Stock Exchange and Jaipur Stock Exchange seeking exclusion for the provisions of the RTI Act as both these institutions are neither controlled by the government, nor do they take any financial assistance from the government.

Justice Khanna had expressed that the stock exchanges are like “quasi governmental” bodies, thus they must fall with in the RTI norms and disclose information as and when required.

NSE filed a plea with the High Court after the Central Information Commission included the stock exchange under the purview of the RTI Act stating that stock exchanges are quasi governmental institutions, which work under particular statute and exercise certain statutory power.