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    <title>2024 (12) TMI 615 - BOMBAY HIGH COURT</title>
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    <description>SEBI communications that merely expressed an opinion on the interaction between Section 37 of the SARFAESI Act, 2002 and the non-obstante clauses in Sections 26E and 35 vis-a -vis Section 28A(3) of the SEBI Act, 1992 were not treated as adjudicatory orders. A writ petition was therefore not considered the proper remedy to challenge the correctness of that opinion in a private communication. As the grievance was substantially directed against the consequential SEBI order dated 11 January 2023, the statutory appellate remedy under Section 15-T of the SEBI Act, 1992 was held to be available.</description>
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