https://www.taxtmi.com/caselaws?id=435948 Writ relief under Article 226 was sought for a judicial committee to investigate alleged stock-broker fraud and monitor investor restitution. The Delhi HC noted that the securities exchange and regulators had already taken coordinated action under the applicable bye-laws and circulars, including declaration of default, expulsion, processing of investor claims, and review of rejected claims. It also recorded the availability of a statutory remedy under Section 23L of the Securities Contracts (Regulation) Act, 1956. On that basis, the Court declined further extraordinary supervision, treating the existing regulatory and statutory mechanisms as sufficient to address investor grievances. en-us Mon, 13 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435948 Writ relief under Article 226 was sought for a judicial committee to investigate alleged stock-broker fraud and monitor investor restitution. The Delhi HC noted that the securities exchange and regulators had already taken coordinated action under the applicable bye-laws and circulars, including declaration of default, expulsion, processing of investor claims, and review of rejected claims. It also recorded the availability of a statutory remedy under Section 23L of the Securities Contracts (Regulation) Act, 1956. On that basis, the Court declined further extraordinary supervision, treating the existing regulatory and statutory mechanisms as sufficient to address investor grievances. Case-Laws SEBI Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435948