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    <title>2012 (7) TMI 1174 - GUJARAT HIGH COURT</title>
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    <description>A writ petition concerning a securities-law dispute was declined because the matter was capable of adjudication within the SEBI statutory framework. The Court held that where the governing scheme provides a complete hierarchy of remedies, including an appeal from SEBI&#039;s decision, the writ court should not entertain the petition in the first instance. The petitioner had already filed a complaint before SEBI, and the Court directed that forum to consider the grievance expeditiously after hearing the concerned parties. The controversy was therefore left to the competent statutory authority for determination under the SEBI regime.</description>
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      <description>A writ petition concerning a securities-law dispute was declined because the matter was capable of adjudication within the SEBI statutory framework. The Court held that where the governing scheme provides a complete hierarchy of remedies, including an appeal from SEBI&#039;s decision, the writ court should not entertain the petition in the first instance. The petitioner had already filed a complaint before SEBI, and the Court directed that forum to consider the grievance expeditiously after hearing the concerned parties. The controversy was therefore left to the competent statutory authority for determination under the SEBI regime.</description>
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