https://www.taxtmi.com/caselaws?id=458721 The Bombay HC dismissed writ petitions challenging SEBI's rejection of settlement applications under SEBI (Settlement Proceedings) Regulations, 2018. The court found the petitions lacked substance and were filed solely to delay adjudication of show cause notices. The HC noted that granting relief would effectively end SEBI's regulatory action, which was unthinkable. The court characterized the petitions as frivolous attempts to prolong proceedings and indicated they warranted cost orders due to wasting judicial time on overcrowded dockets. en-us Tue, 04 Jul 2023 00:00:00 +0530 Wed, 13 Nov 2024 21:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458721 The Bombay HC dismissed writ petitions challenging SEBI's rejection of settlement applications under SEBI (Settlement Proceedings) Regulations, 2018. The court found the petitions lacked substance and were filed solely to delay adjudication of show cause notices. The HC noted that granting relief would effectively end SEBI's regulatory action, which was unthinkable. The court characterized the petitions as frivolous attempts to prolong proceedings and indicated they warranted cost orders due to wasting judicial time on overcrowded dockets. Case-Laws SEBI Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458721