https://www.taxtmi.com/caselaws?id=400301 The court dismissed the writ petition as not maintainable against the private credit rating agency, holding it does not qualify as a "State" under Article 12. The court rejected the objection on territorial jurisdiction as part of the cause of action arose within its limits. It found that the RBI and SEBI circulars did not mandate disregarding the actual financial condition during the rating process. Emphasizing the contractual nature of the relationship, the court highlighted the availability of alternative remedies for the petitioner and closed all connected miscellaneous petitions. en-us Mon, 12 Oct 2020 00:00:00 +0530 Tue, 03 Nov 2020 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400301 The court dismissed the writ petition as not maintainable against the private credit rating agency, holding it does not qualify as a "State" under Article 12. The court rejected the objection on territorial jurisdiction as part of the cause of action arose within its limits. It found that the RBI and SEBI circulars did not mandate disregarding the actual financial condition during the rating process. Emphasizing the contractual nature of the relationship, the court highlighted the availability of alternative remedies for the petitioner and closed all connected miscellaneous petitions. Case-Laws SEBI Mon, 12 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400301