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2015 (3) TMI 412 - DELHI HIGH COURTOff-market transfer of shares - Private transaction between parties - Outside the purview of SEBI - SEBI provisions do not bar the common law remedies - Held that:- The complaint made by the petitioner before the SEBI was for imposition of penalty upon respondent no.2. However, the SEBI found that petitioner had failed to provide any material to conclude that respondent no.2 had approached the petitioner as a broker. Consequently, the SEBI held that the disputes related to entities, which were not regulated by SEBI. I do not find any infirmity with the SEBI’s decision. The impugned order passed by SEBI is neither patently erroneous nor ill-informed by reason. Accordingly, the present petition is dismissed as bereft of any merits. - Decided against the appellant.
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