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    <title>2021 (4) TMI 1273 - KARNATAKA HIGH COURT</title>
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    <description>The High Court allowed the writ appeal, setting aside the Single Judge&#039;s order and directing SEBI to conclude the proceedings within six months without unnecessary adjournments. The Court emphasized that interference with a show cause notice is not ideal unless it lacks jurisdiction or is illegal, highlighting the importance of addressing delays in the final order rather than prematurely quashing notices. The judgment underscored the need for cautious exercise of discretion in interfering with show cause notices and ensuring timely resolution in regulatory proceedings.</description>
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      <description>The High Court allowed the writ appeal, setting aside the Single Judge&#039;s order and directing SEBI to conclude the proceedings within six months without unnecessary adjournments. The Court emphasized that interference with a show cause notice is not ideal unless it lacks jurisdiction or is illegal, highlighting the importance of addressing delays in the final order rather than prematurely quashing notices. The judgment underscored the need for cautious exercise of discretion in interfering with show cause notices and ensuring timely resolution in regulatory proceedings.</description>
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      <pubDate>Fri, 09 Apr 2021 00:00:00 +0530</pubDate>
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