https://www.taxtmi.com/caselaws?id=762715 A writ petition challenging Clause 7 of a SEBI circular was not entertained because the petitioner had first elected arbitration, then unconditionally withdrawn that intimation, and only later sought to revive arbitration after the prescribed timeline and after defaulter proceedings had begun. The Court treated the petition as an attempt to delay enforcement of investor grievance directions, noted the petitioner's asserted inability to pay or secure the amount, and declined to exercise extraordinary writ jurisdiction. The constitutional challenge to Clause 7 was not examined on merits, and the petition was dismissed with costs. en-us Thu, 28 Nov 2024 00:00:00 +0530 Thu, 05 Dec 2024 21:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762715 A writ petition challenging Clause 7 of a SEBI circular was not entertained because the petitioner had first elected arbitration, then unconditionally withdrawn that intimation, and only later sought to revive arbitration after the prescribed timeline and after defaulter proceedings had begun. The Court treated the petition as an attempt to delay enforcement of investor grievance directions, noted the petitioner's asserted inability to pay or secure the amount, and declined to exercise extraordinary writ jurisdiction. The constitutional challenge to Clause 7 was not examined on merits, and the petition was dismissed with costs. Case-Laws SEBI Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762715