The High Court of Delhi disposed of the petition after the respondent deposited the margin money in cash as per instructions.
The writ petition stands disposed of after the respondent deposited the margin money.
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SMT. SUMAN LATA JAIN ..... Petitioner Through: Mr. Vikas Khatri and Mr. A.C.P. Gautam, Advs.
versus
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) AND ORS. ..... Respondents Through: Mr. Neeraj Malhotra, Sr. Adv. with Mr. Ashish Aggarwal, Adv. with Mr. Pawandeep Singh, Mr. Deepak and Mr. J. Srinivas, Officers of SEBI.
CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO
Mr. Neeraj Malhotra, learned Sr. Counsel appearing for the respondent No.1 states that pursuant to the last order he has obtained instructions and as per his instructions, respondent no. 3 has deposited the amount equivalent to entire net option value, in cash, with respondent no.2.
In other words, the case of the petitioner that the margin money already lying with the respondent no.2 has been blocked in view of the impugned circular has been answered by the action of the trading member. He states nothing further survives in the writ petition.
At this stage, learned counsel for the petitioner states he has other grievances as well. It is made clear that if the petitioner has any other grievance, he is at liberty to seek such remedy as available in law.
With the aforesaid the petition stands disposed of.
V. KAMESWAR RAO, J
APRIL 01, 2019/ jg
SMT. SUMAN LATA JAIN
SECURITIES AND EXCHANGE BOARD OF INDIA
V. KAMESWAR RAO
As recorded by the court registry
A petition under Article 226 of the Constitution asking a High Court to issue a writ against the State or a public authority in a civil matter.
Judgements on the same questions, provisions and authorities, from every court
