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 present petition is dismissed as withdrawn with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
investors has any grievance, the remedy would lie under
Section 23L of the Securities Contract Regulation Act, 1956.
9. In rejoinder submission, learned counsel appearing ... against orders passed by NSE under
Section 23L.
14. The counter affidavit filed by respondent No. 3-NSE would further
indicate that the respondent
investors has any grievance, the remedy would lie under
Section 23L of the Securities Contract Regulation Act, 1956.
9. In rejoinder submission, learned counsel appearing ... against orders passed by NSE under
Section 23L.
14. The counter affidavit filed by respondent No. 3-NSE would further
indicate that the respondent
that the petitioner has not taken recourse to the mechanism
under Section 23L of the SCRA, 1956 before the Securities Appellate
Tribunal before filing
present petition with liberty to approach the
Securities Appellate Tribunal under Section 23L of the Securities Contracts
(Regulation) Act, 1956.
3. Leave and liberty
alternate remedy under the Securities Contracts
(Regulation) Act, 1956 , under Section 23L to file an appeal. Therefore, the
petitioner has to approach the concerned Forum
