2008 (2) TMI 629

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.... Kalia, Pervinder Tanwar and Ms. Rajdipa Behura for the Respondent. JUDGMENT 1. This Writ Petition has been filed under article 226 of the Constitution of India by the petitioner making following prayers : (a)issue a writ of mandamus or any other appropriate writ directing the respondent No. 1 to conduct an enquiry regarding the price manipulation/inside trading of the respondent No. 2 sc....

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....ent No. 2 company but SEBI took no action and hence this Writ Petition. 3. This Court in K. Venkateswarlu v. Regional Manager, SEBI [Writ Petition (Crl.) No. 1008 of 2007 dated 7-8-2007] observed as under : "Those, who deal in stock market and purchase shares as a mode of investment, know very well that stock market is sometime in the grip of bulls and sometime in the grip of bears. Recent t....