https://www.taxtmi.com/caselaws?id=106618 Recognised stock exchanges operating under substantial statutory regulation and governmental control were treated as performing public functions, so they are amenable to writ jurisdiction and fall within Article 12. However, where the dispute arises from notified securities transactions and an efficacious special forum is available under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, the writ court should ordinarily decline to intervene. Applying self-restraint, the Court held that the petitioner had to pursue the statutory remedy before the Special Court, and the writ petition was not maintainable on merits. en-us Tue, 29 Jan 2002 00:00:00 +0530 Wed, 14 Mar 2012 18:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106618 Recognised stock exchanges operating under substantial statutory regulation and governmental control were treated as performing public functions, so they are amenable to writ jurisdiction and fall within Article 12. However, where the dispute arises from notified securities transactions and an efficacious special forum is available under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, the writ court should ordinarily decline to intervene. Applying self-restraint, the Court held that the petitioner had to pursue the statutory remedy before the Special Court, and the writ petition was not maintainable on merits. Case-Laws Companies Law Tue, 29 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106618