Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2013 (7) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (7) TMI 309 - Tri - Companies LawDecision of NSE in granting listing and trading approval of the equity shares pursuant to its rights issue - circular dated October 15, 2012 challenged - Held that:- The appellants have failed to show how the listing permission granted by NSE by the impugned circular has affected their legal rights or caused legal wrong or injury to the appellants. The appellants' grievance does not flow from the impugned circular of NSE. As it is not a case where the various representations addressed by the appellants to the SEBI or to the intermediaries with regard to said issue were not considered. It is a matter of record that said representations were examined and appropriate response given to the appellants. In case the appellants were not satisfied with the response/reply received by them to their representations, it may have been a cause of grievance and the appellants could have availed appropriate remedy against those responses. In the garb of challenging the circular dated October 15, 2012 of NSE granting listing permission of rights issue of respondent no. 4, the appellants are in effect challenging decision of some of the respondents on its various representations which were duly considered and response sent to the appellants. The appellants are now seeking multiple reliefs against various respondents which are in the nature of a direction not covered within the scope of Section 23L of the Act. Appeal dismissed.
|