https://www.taxtmi.com/caselaws?id=465273 The HC dismissed the public interest litigation challenging allegedly misleading mutual fund advertisements. It held that the petitioner lacked locus as a bona fide public-spirited litigant, having failed to provide empirical data or reliable material demonstrating actual investor deception or the scale of harm. The Court found no substantial public interest, noted the absence of full and fair disclosure required for invoking Art. 226 jurisdiction, and observed that similar relief had earlier been declined by both the HC and SC, thereby barring re-agitation of identical issues. The petition was held to be a misuse of easy access to justice and was dismissed without costs. en-us Wed, 17 Sep 2025 00:00:00 +0530 Sun, 14 Dec 2025 11:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465273 The HC dismissed the public interest litigation challenging allegedly misleading mutual fund advertisements. It held that the petitioner lacked locus as a bona fide public-spirited litigant, having failed to provide empirical data or reliable material demonstrating actual investor deception or the scale of harm. The Court found no substantial public interest, noted the absence of full and fair disclosure required for invoking Art. 226 jurisdiction, and observed that similar relief had earlier been declined by both the HC and SC, thereby barring re-agitation of identical issues. The petition was held to be a misuse of easy access to justice and was dismissed without costs. Case-Laws SEBI Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465273