https://www.taxtmi.com/caselaws?id=111649 The court upheld SEBI's authority to issue interim orders to protect investor interests and ensure market stability. It found that a stock exchange cannot unilaterally surrender recognition without proper approval, emphasizing compliance with statutory provisions. The court ruled that writ petitions against show-cause notices should not be entertained unless issued unlawfully, directing petitioners to respond to SEBI. Delegation of powers by SEBI and its members was deemed valid under statutory authorization. The court dismissed the writ petition, affirming SEBI's order to manage CSX operations and expenses to safeguard investor interests and market integrity. en-us Fri, 25 Aug 2006 00:00:00 +0530 Tue, 24 Apr 2012 15:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111649 The court upheld SEBI's authority to issue interim orders to protect investor interests and ensure market stability. It found that a stock exchange cannot unilaterally surrender recognition without proper approval, emphasizing compliance with statutory provisions. The court ruled that writ petitions against show-cause notices should not be entertained unless issued unlawfully, directing petitioners to respond to SEBI. Delegation of powers by SEBI and its members was deemed valid under statutory authorization. The court dismissed the writ petition, affirming SEBI's order to manage CSX operations and expenses to safeguard investor interests and market integrity. Case-Laws Companies Law Fri, 25 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111649