Petitioner sought direction from the Court to SEBI regarding IPO scams. The Court observed SEBI was already seized of the matter and dismissed the petition, directing the petitioner to approach authorities directly.
Petitioner directed to approach SEBI and lodge complaints; petition dismissed.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CRIMINAL APPELLATE JURISDICTION
PIL NO. 18 OF 2006
Loktantrik Janta Front
...Petitioner
Versus
Union of India and others
...Respondents
Mr. Akhilesh Upadhyay for the petitioner.
CORAM : H.L. GOKHALE, Ag. C.J., & V.M. KANADE, J. DATE: FEBRUARY 21, 2007 .
P.C.
Heard Mr. Upadhyay in support of this petition. The petition seeks a direction from this Court to SEBI and some other public bodies concerning some IPO scams. A few newspaper reports are annexed to this petition. The petitioner should approach SEBI and lodge complaints with the authorities concerned. The news report themselves show that SEBI is seized of the matter and looking into it. In the event there is no proper response from SEBI, it will be open to the petitioner to adopt appropriate proceedings. No reason to interfere. Dismissed.
ACTING CHIEF JUSTICE
V.M. KANADE, J.
Loktantrik Janta Front
Union of India
H.L. Gokhale
V.M. Kanade
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
