https://www.taxtmi.com/caselaws?id=767686 The HC dismissed the writ petition, emphasizing that the petitioner must exhaust the statutory remedy of appeal under Section 15T of the SEBI Act before seeking relief under Article 226. The Court affirmed the procedural validity of SEBI's attachment orders for recovering penalties related to an unregistered Collective Investment Scheme. It did not entertain the double jeopardy claim, leaving it for the appellate authority to consider. The petitioner was directed to file an appeal within thirty days, with the assurance that the appeal would not be barred by limitation due to the case's specific circumstances. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767686 The HC dismissed the writ petition, emphasizing that the petitioner must exhaust the statutory remedy of appeal under Section 15T of the SEBI Act before seeking relief under Article 226. The Court affirmed the procedural validity of SEBI's attachment orders for recovering penalties related to an unregistered Collective Investment Scheme. It did not entertain the double jeopardy claim, leaving it for the appellate authority to consider. The petitioner was directed to file an appeal within thirty days, with the assurance that the appeal would not be barred by limitation due to the case's specific circumstances. Case-Laws SEBI Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767686