https://www.taxtmi.com/caselaws?id=440855 The securities regulator's direction-making power was read broadly enough to extend to banks associated with the securities market, even if the bank was not separately registered as an intermediary. The interim and confirmatory communications, however, were confined to the noticees and their assets as expressly stated and did not bar a secured creditor from enforcing a prior mortgage under SARFAESI. Sections 35 and 37 were harmonised to preserve the special statutory recovery regime, so the bank could proceed with auction. The impugned e-mails were treated as unauthorised communications that could not enlarge the underlying orders, and writ relief was maintainable against them. en-us Fri, 21 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440855 The securities regulator's direction-making power was read broadly enough to extend to banks associated with the securities market, even if the bank was not separately registered as an intermediary. The interim and confirmatory communications, however, were confined to the noticees and their assets as expressly stated and did not bar a secured creditor from enforcing a prior mortgage under SARFAESI. Sections 35 and 37 were harmonised to preserve the special statutory recovery regime, so the bank could proceed with auction. The impugned e-mails were treated as unauthorised communications that could not enlarge the underlying orders, and writ relief was maintainable against them. Case-Laws SEBI Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440855