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Issues: Whether the High Court had territorial jurisdiction under Article 226 to entertain the writ petition challenging the impugned circular and notices issued by the stock exchange.
Analysis: For territorial jurisdiction under Article 226(2), the pleaded facts must constitute a material, essential, or integral part of the cause of action and must have a nexus with the relief sought. Facts that are merely incidental, such as the petitioner company's registered office, receipt of communications at Delhi, access of website notices at Delhi, or circulation of videos elsewhere, do not by themselves confer jurisdiction unless they are integral to the challenge. The impugned circular and notices were issued from Mumbai, the complained-of omissions and commissions occurred there, and the core challenge related to the alleged arbitrariness and lack of natural justice in their issuance and implementation. Those facts were found to arise in Mumbai and not in Delhi.
Conclusion: The High Court lacked territorial jurisdiction to entertain the petition, and the writ petition was dismissed with liberty to approach the jurisdictional High Court.
Final Conclusion: Territorial jurisdiction could not be founded on peripheral or consequential facts when the substantive cause of action arose outside the Court's territorial limits.
Ratio Decidendi: Under Article 226(2), only those pleaded facts that are material, essential, and integral to the relief sought can constitute part of the cause of action for territorial jurisdiction.