https://www.taxtmi.com/caselaws?id=759255 Delhi HC dismissed writ petition challenging commercial transactions involving acquisition of shares in a life insurance company. Court held that where regulated sectors have appropriate regulators (SEBI/RBI) investigating transactions, courts should not interfere in Article 226 jurisdiction. Writ of mandamus cannot enforce purely private contracts between parties. Court refused to act as "super regulator" over commercial transactions approved by shareholders. SEBI and RBI directed to complete investigations expeditiously and take appropriate action as per law. en-us Mon, 12 Aug 2024 00:00:00 +0530 Fri, 27 Sep 2024 08:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759255 Delhi HC dismissed writ petition challenging commercial transactions involving acquisition of shares in a life insurance company. Court held that where regulated sectors have appropriate regulators (SEBI/RBI) investigating transactions, courts should not interfere in Article 226 jurisdiction. Writ of mandamus cannot enforce purely private contracts between parties. Court refused to act as "super regulator" over commercial transactions approved by shareholders. SEBI and RBI directed to complete investigations expeditiously and take appropriate action as per law. Case-Laws SEBI Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759255