https://www.taxtmi.com/caselaws?id=464553 AT dismissed the appeal as not maintainable, holding the appellant was not an "aggrieved person" under s.15T SEBI Act. The Tribunal found the complainant who had earlier approached NCLT was the aggrieved party and that the appellant, having purchased shares from that complainant, could not relitigate before SEBI. SEBI/Stock Exchange authority to issue observations under LODR does not supplant NCLT's exclusive power to sanction schemes under s.230 Companies Act. Shareholders must object at company/NCLT proceedings; forum non conveniens and election doctrines barred pursuing remedies before both forums. Appeal dismissed. en-us Wed, 05 Jul 2023 00:00:00 +0530 Tue, 04 Nov 2025 20:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464553 AT dismissed the appeal as not maintainable, holding the appellant was not an "aggrieved person" under s.15T SEBI Act. The Tribunal found the complainant who had earlier approached NCLT was the aggrieved party and that the appellant, having purchased shares from that complainant, could not relitigate before SEBI. SEBI/Stock Exchange authority to issue observations under LODR does not supplant NCLT's exclusive power to sanction schemes under s.230 Companies Act. Shareholders must object at company/NCLT proceedings; forum non conveniens and election doctrines barred pursuing remedies before both forums. Appeal dismissed. Case-Laws SEBI Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464553