https://www.taxtmi.com/caselaws?id=460011 A writ challenge to a second show cause notice and consequential order under the SEBI Act was held not maintainable because the statute provides an effective appellate remedy under Section 15T. The High Court declined to examine the merits and left the petitioner to pursue the Securities Appellate Tribunal, noting that all factual and legal objections, including those on consent proceedings, delay, and jurisdiction, could be raised before that forum. The principle stated is that where an efficacious statutory appeal exists, writ jurisdiction will ordinarily not be entertained against regulatory directions or orders. en-us Thu, 26 Sep 2013 00:00:00 +0530 Wed, 08 Jan 2025 12:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460011 A writ challenge to a second show cause notice and consequential order under the SEBI Act was held not maintainable because the statute provides an effective appellate remedy under Section 15T. The High Court declined to examine the merits and left the petitioner to pursue the Securities Appellate Tribunal, noting that all factual and legal objections, including those on consent proceedings, delay, and jurisdiction, could be raised before that forum. The principle stated is that where an efficacious statutory appeal exists, writ jurisdiction will ordinarily not be entertained against regulatory directions or orders. Case-Laws SEBI Thu, 26 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460011