petitioner fairly concedes
that there is an alternate remedy under Section 23L of the Securities
Contracts (Regulation) Act 1956, (SCRA), therefore, he may be granted ... present petition is dismissed as withdrawn with
liberty to file under Section 23L of the SCRA.
5. Learned counsel, however, submits that by this time
maintainability of
this petition on the ground that under Section 23L of the Securities
Contracts (Regulation) Act, 1956 an appeal is provided to the Securities ... petitioner wants to agitate any grievance, he should take recourse
of Section 23L of the Act.
6. I have heard the learned counsel appearing
before the Securities Appellate Tribunal (SAT) as per Section 23L of the
Securities Contracts (Regulation) Act, 1956. Learned Senior Counsel also
placed reliance on Securities ... opinion that the petitioner can agitate its grievance in terms of
Section 23L of the Securities Contracts (Regulation) Act, 1956 before the
concerned Tribunal
impugned in this petition is amenable to appeal under Section
21A and 23L of the Securities Contracts (Regulation) Act, 1956. Mr.
Singh seeks time
Securities Appellate Tribunal under
Section 15T of SEBI Act, 1992 and Section 23L of Securities Contract
(Regulation) Act, 1956. Thus, any person being aggrieved
that the petitioner has not taken recourse to the mechanism
under Section 23L of the SCRA, 1956 before the Securities Appellate
Tribunal before filing
impugned order/letter dated
25.11.2025 before Securities Appellate Tribunal under Section 23L of
the Securities Contracts (Regulations) Act, 1956.
3. Granting the said liberty
passed by the
Investor's Grievance Cell is appealable under Section 23L of SCRA.
4. Learned counsel for NSE submits that assets of respondent
passed by the
Investor's Grievance Cell is appealable under Section 23L of SCRA.
4. Learned counsel for NSE submits that assets of respondent
present petition with liberty to approach the
Securities Appellate Tribunal under Section 23L of the Securities Contracts
(Regulation) Act, 1956.
3. Leave and liberty
