Writ dismissed as alternative remedy u/s. 15T of SEBI Act available: Madras HC

SAS Cityscapes Pvt. Ltd Vs Securities and Exchange Board of India (Madras High Court) Madras High Court dismissed the petition on the ground of availability of an effective and efficacious alternative remedy under section 15T of the Securities and Exchange Board of India Act, 1992 [SEBI Act]. Facts- This writ petition has been filed challenging the order passed by the 1st respondent in SRO/Recovery/2021-2022/01 dated 28.05.2021 and for a consequential direction to release the properties purchased by the petitioner company and to permit the petitioner to register the documents submitted for reg...