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    <description>The Tribunal set aside SEBI&#039;s communication and directed SEBI to pass a reasoned order addressing the issues of continued listing, exit, and valuation of shares for Exclusively Listed Companies (ELCs) within three months. The judgment emphasized the importance of investor protection and the need for SEBI to address substantive issues raised by minority shareholders regarding the listing, exit, and valuation processes of ELCs.</description>
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