https://www.taxtmi.com/caselaws?id=762958 Bombay HC dismissed petition challenging SEBI show cause notice. Court held petitioners failed to establish grounds for quashing notice based on delay/laches, claiming review/double jeopardy, non-application of mind, or non-furnishing of documents. HC noted extraordinary jurisdiction cannot be used to stall proceedings and emphasized fairness requires cooperation from both parties. SEBI agreed to provide certain information within two weeks, with petitioners required to file response within four weeks thereafter. Court found no exceptional circumstances warranting interference with regulatory proceedings at preliminary stage. en-us Mon, 09 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 08:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762958 Bombay HC dismissed petition challenging SEBI show cause notice. Court held petitioners failed to establish grounds for quashing notice based on delay/laches, claiming review/double jeopardy, non-application of mind, or non-furnishing of documents. HC noted extraordinary jurisdiction cannot be used to stall proceedings and emphasized fairness requires cooperation from both parties. SEBI agreed to provide certain information within two weeks, with petitioners required to file response within four weeks thereafter. Court found no exceptional circumstances warranting interference with regulatory proceedings at preliminary stage. Case-Laws SEBI Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762958