https://www.taxtmi.com/caselaws?id=448586 Delhi HC dismissed writ petitions challenging SEBI's revocation of settlement order, holding it lacked territorial jurisdiction. The court ruled that cause of action arose in Mumbai where SEBI issued the revocation order, not Delhi where appellants received it. Despite appellants residing in Delhi's jurisdiction, the court found no integral facts connecting the challenge to Delhi. Applying forum conveniens principles, Mumbai HC was deemed more appropriate as all SEBI proceedings occurred there since 2020, making it convenient for both parties and necessary for record examination. en-us Mon, 15 Jan 2024 00:00:00 +0530 Tue, 23 Jan 2024 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448586 Delhi HC dismissed writ petitions challenging SEBI's revocation of settlement order, holding it lacked territorial jurisdiction. The court ruled that cause of action arose in Mumbai where SEBI issued the revocation order, not Delhi where appellants received it. Despite appellants residing in Delhi's jurisdiction, the court found no integral facts connecting the challenge to Delhi. Applying forum conveniens principles, Mumbai HC was deemed more appropriate as all SEBI proceedings occurred there since 2020, making it convenient for both parties and necessary for record examination. Case-Laws SEBI Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448586