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    <title>2023 (8) TMI 710 - DELHI HIGH COURT</title>
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    <description>The court upheld the validity of the SEBI circulars dated 10.10.2016 and 01.08.2017, determining them to be reasonable and proportionate in protecting investors of Exclusively Listed Companies. It also affirmed the legality of the BSE order dated 30.04.2018, finding it compliant with the SEBI circulars. The court dismissed the writ petition, ruling against the petitioner&#039;s arguments challenging the circulars and the BSE order, emphasizing the adequacy of opportunities for representation and hearing provided in the process.</description>
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