https://www.taxtmi.com/caselaws?id=279441 A recognised stock exchange's refusal of in-principle approval in the voluntary delisting process was treated as a decision relating to delisting and therefore appealable under Section 21A(2) of the Securities Contracts (Regulation) Act, 1956. Although writ jurisdiction is not excluded merely because a statutory appeal exists, interference is generally unwarranted absent jurisdictional error, perversity, or breach of natural justice. Here, the exchange acted within its competence, consulted SEBI, and gave reasons, so the challenge on lack of jurisdiction failed. The petitioners were left to pursue the statutory appellate remedy and the writ petition was not entertained. en-us Thu, 16 Nov 2017 00:00:00 +0530 Mon, 18 Mar 2019 06:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279441 A recognised stock exchange's refusal of in-principle approval in the voluntary delisting process was treated as a decision relating to delisting and therefore appealable under Section 21A(2) of the Securities Contracts (Regulation) Act, 1956. Although writ jurisdiction is not excluded merely because a statutory appeal exists, interference is generally unwarranted absent jurisdictional error, perversity, or breach of natural justice. Here, the exchange acted within its competence, consulted SEBI, and gave reasons, so the challenge on lack of jurisdiction failed. The petitioners were left to pursue the statutory appellate remedy and the writ petition was not entertained. Case-Laws SEBI Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279441