https://www.taxtmi.com/caselaws?id=440855 The court held that SEBI has jurisdiction to direct banks under the SEBI Act, 1992. The SEBI orders apply to the petitioner bank but do not restrict its right to auction the mortgaged property. The writ petition was found maintainable due to erroneous emails expanding the scope of SEBI orders. The SARFAESI Act, 2002 takes precedence over the SEBI Act, 1992, allowing banks to enforce their secured debts independently. Consequently, the writ petition was disposed of in accordance with these findings. 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 court held that SEBI has jurisdiction to direct banks under the SEBI Act, 1992. The SEBI orders apply to the petitioner bank but do not restrict its right to auction the mortgaged property. The writ petition was found maintainable due to erroneous emails expanding the scope of SEBI orders. The SARFAESI Act, 2002 takes precedence over the SEBI Act, 1992, allowing banks to enforce their secured debts independently. Consequently, the writ petition was disposed of in accordance with these findings. Case-Laws SEBI Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440855