https://www.taxtmi.com/caselaws?id=766143 A High Court can direct a public regulator to consider or exercise its statutory powers under Article 226 when there is an alleged failure to act, and the existence of parallel proceedings before the NCLT and NCLAT does not bar such relief where those forums cannot grant the same remedy against the regulator. The Court also rejected the natural justice challenge, finding that both maintainability and merits had been addressed before the Single Judge and that the appellant had in fact been heard. The appeal was dismissed, and the order sustaining maintainability and consequential directions was upheld, with liberty to raise remaining contentions in the writ proceedings. en-us Wed, 12 Feb 2025 00:00:00 +0530 Wed, 19 Feb 2025 08:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766143 A High Court can direct a public regulator to consider or exercise its statutory powers under Article 226 when there is an alleged failure to act, and the existence of parallel proceedings before the NCLT and NCLAT does not bar such relief where those forums cannot grant the same remedy against the regulator. The Court also rejected the natural justice challenge, finding that both maintainability and merits had been addressed before the Single Judge and that the appellant had in fact been heard. The appeal was dismissed, and the order sustaining maintainability and consequential directions was upheld, with liberty to raise remaining contentions in the writ proceedings. Case-Laws Companies Law Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766143