Section 23E - Civil Court not to have jurisdiction - Depositories Act, 1996

1 [23E. Civil Court not to have jurisdiction. No Civil Court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which a Securities Appellate Tribunal is empowered by or under this Act to determine and no injunction can be granted by any court or other authority in respect of any action taken or to be taken. In pursuance of any power conferred by or under this Act. ] ************* NOTES:- 1. Inserted by Securities Laws (Amendment) Act, 2005 (1 of 2005), w.e.f. 12-10-2004