1998 (8) TMI 451

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..... and Praveen Singh Arora for the Respondent. JUDGMENT 1. Heard the learned Counsel for the parties. 2. The learned Counsel appearing on behalf of Respondent No. 11-Association submits that the Association has already published a notice as directed by this Court in the Economic Times, Delhi. 3. As against this, the learned Counsel appearing on behalf of the Petition-ers and the .....

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..... ists is prohibited. 5. Considering the various aspects involved in the matter and the fraud perpetrated by the promoters of such companies, the learned counsel appearing on behalf of the SEBI submits that it is just necessary either for the State or the Central Government to enact a law which, to some extent, can control such fraud. 6. It is pointed out that roughly 3,700 Companies have re .....

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