2017 (9) TMI 1677 - SC - Companies Law

Denial of natural justice - absence of any show cause to appellant - Held that - It is stated by learned counsel for the parties that the matter is already pending before the National Company Law Tribunal (NCLT) and it is listed on 10th October, 2017. In view of the above and particularly the decision taken by the SEBI on 09.08.2017, we are not inclined to interfere with the order passed by the High Court. The special leave petitions are dismissed. However, liberty is granted to the petitioner(s) to raise all issues before the NCLT. This is of course subject to all objections. - HC Ref case - 2012 (2) TMI 653 - GUJARAT HIGH COURT

Summary

The Supreme Court dismissed the special leave petitions, allowing the petitioner(s) to raise all issues before the National Company Law Tribunal (NCLT) where the matter is already pending. The decision was based on SEBI's ruling on 09.08.2017, and the High Court's order was not interfered with.