Challenge to SEBI's Jurisdiction on Reissued Notice; Court Directs Resolution of Jurisdictional Dispute First.

Jurisdiction/Validity of show-cause notice issued u/s 11(1), 11(2)(b), 11(4) and 11(B) of SEBI Act - The petitioner alleges that the notice is identical to a previously adjudicated one, which resulted in exoneration. Additionally, the petitioner contests the jurisdiction and maintainability of the notice. The High Court, while acknowledging the similarity between the notices, directs SEBI to first decide on the jurisdictional issue before proceeding with the adjudication. .....

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