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2013 (9) TMI 25 - HC - Companies LawJurisdiction of the Court - The main issue raised vide the instant petition is that Delhi Courts have no territorial jurisdiction to try and adjudicate upon the complaint case filed by the respondent because of the fact that petitioner is working at Lucknow has its registered office at Lucknow and the alleged offence was committed at Lucknow. – Petition for Quashing the Complaint and Subsequent Proceedings in the case of SEBI v/s Maha Bhairav Plantation and Finance Ltd. - The petitioner and the co-accused sponsored and caused to be sponsored Collective Investment Schemes called as CIS without getting the mandatory registration from Complainant/Respondent SEBI, and thereby violated the provisions of section 12 (1B) of the SEBI Act, 1992 - Held that:- The petition for quashing the Complaint was rejected - The important factor of the case was that it was at the fag end of the trial now fixed for the defence evidence and as such there was no difficulty or prejudice caused to the petitioner to proceed further. - Proceedings before the trial court, Delhi to continue. - Decided against the petitioner.
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