https://www.taxtmi.com/caselaws?id=767468 The HC dismissed the writ petition, emphasizing the petitioner's obligation to pursue the statutory remedy under Section 15Z of the SEBI Act, as the case involved a question of law. The Court found no exceptional circumstances to bypass the statutory remedy, reinforcing the limited jurisdiction of the HC under Articles 226 and 227 when such remedies exist. Additionally, the HC upheld the Securities Appellate Tribunal's decision to refuse condonation of delay, finding no illegality or perversity in the Tribunal's exercise of discretion. The petition lacked merit for intervention under writ jurisdiction. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767468 The HC dismissed the writ petition, emphasizing the petitioner's obligation to pursue the statutory remedy under Section 15Z of the SEBI Act, as the case involved a question of law. The Court found no exceptional circumstances to bypass the statutory remedy, reinforcing the limited jurisdiction of the HC under Articles 226 and 227 when such remedies exist. Additionally, the HC upheld the Securities Appellate Tribunal's decision to refuse condonation of delay, finding no illegality or perversity in the Tribunal's exercise of discretion. The petition lacked merit for intervention under writ jurisdiction. Case-Laws SEBI Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767468