The National Stock Exchange (NSE) has alleged that Hyderabad-based firm Manshi Systems has been selling customers access to a subscription-only NSE service. The stock exchange has now started proceedings in the Bombay high court against the firm and, significantly, also against the Indian subsidiary of the firm's web hosting company GoDaddy, which is the world's largest domain name registrar.

The NSE is represented by Krishna and Saurastri Associates partner Manish Saurastri. Cyber lawyer Pavan Duggal told Mint that under the IT Act, intermediaries, such as GoDaddy, would have to prove in court that they had exercised due diligence against copyright infringement.

The story did not specify whether GoDaddy, which apparently manages 57m domain names, received and ignored any takedown requests from the NSE before the court case, or whether it otherwise failed to be diligent in spotting the allegedly infringing service. [Mint]