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TMI Blog2015 (3) TMI 620X X X X Extracts X X X X X X X X Extracts X X X X ..... sfy us as to how he is entitled to file the petition in public interest. The Supreme Court, in Holicow Pictures (P.) Ltd. [2007 (12) TMI 445 - SUPREME COURT] has also held that the Court has to act ruthlessly while dealing with such busybodies or meddlesome interlopers impersonating as public spirited persons and masquerading as crusaders of justice. Similarly, in Dr. B. Singh [2004 (3) TMI 740 - SUPREME COURT] , it was held that Courts should not waste valuable judicial time which can be otherwise utilized for disposal of genuine cases, in deciding petitions which cannot legitimately be called PILs. -Dismiss the PIL. - W.P. (C) NO. 3952 OF 2014 CM NOS. 7949 OF 2014 (FOR STAY) & 7950 OF 2014 (FOR EXEMPTION) - - - Dated:- 8-7-2014 - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unsel for the petitioner states that he is not aware. 4. According to the petitioner also, the said process of de-recognition is going on since the year 2008 i.e. for the last over five years. It is intriguing that none, for whose benefit and on whose behalf the present PIL has been filed, would have approached the Court in the interregnum. 5. A perusal of the first of the aforesaid circulars viz. the Circular dated 29.12.2008 impugned in the petition shows the same to be providing that the companies exclusively listed on de-recognized stock exchanges were required to either mandatorily seek listing at other stock exchanges or provide for exit option to the shareholders as per the SEBI's Delisting Guidelines/Regulations after taki ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ] 10 SCC 614) and of allowing 'meddlesome interlopers' to file PI S..P. Gupta (supra) is apposite in this regard. Similarly, in Holicow Pictures (P.) Ltd. v. Prem Chandra Mishra AIR 2008 SC 913 it was held that PIL is to be used for delivering social justice to the citizens. 8. The present case falls in neither of the aforesaid categories. The investors in the companies listed on the stock exchanges which are being de-recognized can neither be said to be socially or economically backward nor can it be said that the impugned actions are such as affecting the general public without affecting anyone in particular. The petitioner has been unable to satisfy us as to how he is entitled to file the petition in public interest. 9. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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