https://www.taxtmi.com/caselaws?id=259565 The Court advised the petitioner to seek review by SEBI instead of Court intervention regarding a challenge to an order preventing operation in securities due to defaults by a nonbanking financial company. The Court emphasized that the appropriate forum for challenging SEBI orders should be where the order is issued, not where the affected party resides. It was noted that challenging SEBI orders through a writ petition was not the appropriate course of action when an alternative appeal process was provided under the Act. The Court dismissed the writ petition, advising the petitioner to approach SEBI for modification of the order. en-us Mon, 23 Feb 2015 00:00:00 +0530 Thu, 14 May 2015 06:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259565 The Court advised the petitioner to seek review by SEBI instead of Court intervention regarding a challenge to an order preventing operation in securities due to defaults by a nonbanking financial company. The Court emphasized that the appropriate forum for challenging SEBI orders should be where the order is issued, not where the affected party resides. It was noted that challenging SEBI orders through a writ petition was not the appropriate course of action when an alternative appeal process was provided under the Act. The Court dismissed the writ petition, advising the petitioner to approach SEBI for modification of the order. Case-Laws Companies Law Mon, 23 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259565