https://www.taxtmi.com/caselaws?id=288588 The article explains that in SEBI-related matters, an alternate remedy is not an absolute bar to writ jurisdiction where appellate relief is not practically effective before the impugned direction operates. It also notes that the chairman's authority can be sustained through SEBI's delegation framework, where the Board has authorised action by resolution. On Section 11B, it states that wide enabling power permits interim regulatory directions to protect investors and the securities market, including restraint on fresh brokerage activity pending inquiry. Such a measure may be upheld on prima facie material even without prior hearing when it is regulatory in character and does not amount to suspension or cancellation under Section 12. en-us Fri, 06 Nov 1998 00:00:00 +0530 Thu, 18 Jun 2020 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288588 The article explains that in SEBI-related matters, an alternate remedy is not an absolute bar to writ jurisdiction where appellate relief is not practically effective before the impugned direction operates. It also notes that the chairman's authority can be sustained through SEBI's delegation framework, where the Board has authorised action by resolution. On Section 11B, it states that wide enabling power permits interim regulatory directions to protect investors and the securities market, including restraint on fresh brokerage activity pending inquiry. Such a measure may be upheld on prima facie material even without prior hearing when it is regulatory in character and does not amount to suspension or cancellation under Section 12. Case-Laws SEBI Fri, 06 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288588