High Court declines to interfere in writ petition against SEBI attachment order; statutory remedy available

The High Court of Calcutta declined to interfere in the writ petition filed by Haridas Kundu against an order of attachment issued by the Securities and Exchange Board of India on the petitioner's bank account, noting the availability of a statutory alternative remedy. The writ petition was disposed of with no order as to costs.

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The High Court of Calcutta in the case of Haridas Kundu v. The Union of India & Ors. challenged an order of attachment issued by the Securities and Exchange Board of India on the petitioner's bank account. The court noted that the petitioner has a statutory alternative remedy available and declined to interfere in the writ petition. The writ petition was disposed of with no order as to costs.

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