2008 (2) TMI 629

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..... dipa Behura for the Respondent. JUDGMENT 1. This Writ Petition has been filed under article 226 of the Constitution of India by the petitioner making following prayers : (a)issue a writ of mandamus or any other appropriate writ directing the respondent No. 1 to conduct an enquiry regarding the price manipulation/inside trading of the respondent No. 2 scrip during the said period. (b)direct th .....

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..... ence this Writ Petition. 3. This Court in K. Venkateswarlu v. Regional Manager, SEBI [Writ Petition (Crl.) No. 1008 of 2007 dated 7-8-2007] observed as under : "Those, who deal in stock market and purchase shares as a mode of investment, know very well that stock market is sometime in the grip of bulls and sometime in the grip of bears. Recent trend in the stock market has shown that the stock p .....

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..... ner is alleging was responsible for fall in the share price and petitioner did not approach the Court at that time, although, petitioner is stated to be dealing in shares for the last ten years. When you suffer losses you suddenly feel that there is some manipulation and when you gain profits, the same feeling is not there. Moreover this petition is in the nature of PIL. This Court cannot entertai .....

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