The HC declined to interfere with the Tribunal's refusal to ...

Securities Appellate Tribunal's Decision on 188-Day Filing Delay Upheld Under Section 15Z of SEBI Act

March 19, 2025

Case Laws SEBI HC

The HC declined to interfere with the Tribunal's refusal to condone a 188-day delay in filing an appeal. The Court recognized its limited supervisory jurisdiction, noting it cannot function as an appellate authority when reviewing such discretionary decisions. The Tribunal's determination regarding insufficient cause for delay showed no illegality or perversity warranting judicial intervention. The Court rejected the petitioner's misplaced reliance on CPC provisions and emphasized that the appropriate remedy was filing an appeal under Section 15Z of SEBI Act, 1992, rather than pursuing a writ petition. Finding no violation of natural justice or statutory requirements, the HC dismissed the petition as lacking merit.

View Source

← Previous Next →

The HC declined to interfere with the Tribunal's refusal to ...

Securities Appellate Tribunal's Decision on 188-Day Filing Delay Upheld Under Section 15Z of SEBI Act

March 19, 2025

Case Laws SEBI HC

You may also like:

Condonation of delay of 17 days in filing of appeal - last two days being public holidays - Power of Jurisdiction of NCLAT to condone delay - Applicability of provisions...

The High Court considered the maintainability of an appeal u/s the GST Act. The appeal was dismissed due to a 152-day delay in filing. The court clarified that the...

Jurisdiction - condonation of delay beyond the period of 45 days - We have no doubt in our mind that the Appellant has missed the bus by causing delay in filing the...

Condonation of delay of 359 days in filing appeal - sufficient cause for delay existed or not - In view of the fact that the negligent act of the company in not...

Delay in filling appeal before ITAT - Delay of 68 days involved in filing of the appeal - The Tribunal noted the substantial delay in filing the appeal and the absence...

HC allowed petition challenging appellate order under Section 107 of 2017 Act, finding that Appellate Authority failed to judiciously exercise discretionary power...

Securities payout timing revised from 1:30 PM to 3:30 PM under T+1 rolling settlement. Clearing Corporations to credit securities directly to client demat accounts on...

Condonation of delay in filing the appeal before the CIT(A) - delay of 636 days - The conduct of the assessee is such that there was clear negligence on its part and...

The Appellate Authority for Advance Ruling (AAAR) considered the condonation of delay in filing an appeal u/s 100(2) of the CGST/TNGST Act, 2017. The appellant, a...

Condonation of delay of 84 days in filing an appeal before CIT(A) - explanation offered by the assessee for condoning the delay of 84 days in filing of the appeal before...

Condonation of delay in filing an appeal before the appellate authority - Applicability of Section 5 of the Limitation Act, 1963 - Power and Jurisdiction of appellate...

Seeking Condonation of Delay of 14 days in filing of the Appeal - It is really strange that the agency of the Government failed to seek the required information within...

Condonation of delay of 80 days in filing the appeal - Time Limitation - As per Section 42 of PMLA, 2002 as mentioned above, the maximum limit to condone delay is (60...

Denial of benefit u/s 115BAA of reduced rate of tax @22% - Domestic Companies - Condonation of delay in filing of Form No. 10-IC by the assessee - The Appellate Tribunal...

Condonation of delay - inordinate delay of 508 days - “sufficient cause” - In case the delay is not condoned, it would amount to legalise an illegal and unconstitutional...

Quick Updates: