Regulations) Act, 1956 provides for complete
mechanism for dealing with complaints. Section 23L of the SCRA provides
for a remedy to any person aggrieved
between the parties to the contract.
Insofar as the remedy under Section 23L of the
SCRA is concerned, it is argued that here, no
challenge ... safeguards in the economy of the country.
It is argued that Section 23L of the SCRA
operates as a bar to the present challenge, since
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
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
objection of
maintainability as the order is an appealable order under Section 23L of
Securities Contracts (Regulation) Act, 1956.
6. The memo of parties wrongly
present petition with liberty to approach the
Securities Appellate Tribunal under Section 23L of the Securities Contracts
(Regulation) Act, 1956.
3. Leave and liberty