https://www.taxtmi.com/caselaws?id=108286 The court dismissed the writ petition, ruling that SEBI lacked jurisdiction over the matter involving Sesa Industries due to its unlisted status. The petitioners were directed to seek remedies from the Central Government. The court emphasized that the buyback offer by Sesa Goa was voluntary, allowing shareholders to decide its acceptance. Allegations of fraudulent practices and insider trading were not extensively addressed, as the court found no reason to challenge SEBI's stance. en-us Tue, 05 Aug 2003 00:00:00 +0530 Fri, 30 Mar 2012 17:44:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108286 The court dismissed the writ petition, ruling that SEBI lacked jurisdiction over the matter involving Sesa Industries due to its unlisted status. The petitioners were directed to seek remedies from the Central Government. The court emphasized that the buyback offer by Sesa Goa was voluntary, allowing shareholders to decide its acceptance. Allegations of fraudulent practices and insider trading were not extensively addressed, as the court found no reason to challenge SEBI's stance. Case-Laws Companies Law Tue, 05 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108286