https://www.taxtmi.com/caselaws?id=459227 The HC dismissed the petition under Section 482 Cr.P.C. seeking quashing of a complaint under Sections 24(1) and 27 of the SEBI Act, 1992, due to unreasonable delay. The petitioner, aware of the proceedings since 2005, filed the petition in 2011, which the court deemed belated and an afterthought. Despite no prescribed limitation period for Section 482 Cr.P.C., the court emphasized the necessity of filing within a reasonable time frame, which varies by case. The court concluded that the petitioner's delay lacked sufficient justification, leading to dismissal. en-us Mon, 06 Aug 2012 00:00:00 +0530 Thu, 05 Dec 2024 21:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459227 The HC dismissed the petition under Section 482 Cr.P.C. seeking quashing of a complaint under Sections 24(1) and 27 of the SEBI Act, 1992, due to unreasonable delay. The petitioner, aware of the proceedings since 2005, filed the petition in 2011, which the court deemed belated and an afterthought. Despite no prescribed limitation period for Section 482 Cr.P.C., the court emphasized the necessity of filing within a reasonable time frame, which varies by case. The court concluded that the petitioner's delay lacked sufficient justification, leading to dismissal. Case-Laws SEBI Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459227