TMI Blog2018 (10) TMI 1684X X X X Extracts X X X X X X X X Extracts X X X X ..... etitioner to approach the SAT. The Court is not inclined to entertain this application, the same is dismissed. - W.P.(C) 9114/2018, CM Nos. 35180-35181/2018 & 44300/2018 - - - Dated:- 26-10-2018 - THE CHIEF JUSTICE AND MR. JUSTICE V. KAMESWAR RAO For the Appellant : Mr. Balbir Singh, Sr. Adv. with Mr. Pawan Sharma, Mr. Anuj Shah, Mr. Rishabh Sharma and Ms. Monica Benjaman, Advs. For the Respondent : Mr. Tushar Mehta, Solicitor General with Ms. Sandhya Kohli, Adv. For R1 Mr. Anurag Ahluwalia, CGSC with Mr. Abhigyan Siddhant, Adv. For R2 ORDER V. KAMESWAR RAO, J. (ORAL) CM No. 44300/2018 (for interim relief) 1. This application has been filed by the petitioner with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t matter of the investigation, is provided. However, if there is any confidential material concerning a third party, which too might be under investigation or other confidential material, which the SEBI feels would be prejudicial, it is open to it to segregate or de-tag such material while complying with the order. List on 27th November, 2018. A copy of the order be given dasti under the signature of the Master. 4. Pursuant thereto, the petitioner vide e-mail dated September 03, 2018, requested the respondent No.1 to provide inspection of all file notings / internal orders / communications relating to the proceedings pending before the respondent No.1 whether relied / referred in the impugned show cause notice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and 11(B) of the Securities and Exchange Board of India Act, 1992 as being ultra vires. He justifies the said provisions. That apart, prayer has been made challenging the show cause notice dated March 14, 2018. The petitioner is within its right to reply to the show cause notice to enable the respondent No.1 to pass a final order, if aggrieved against the same the petitioner can avail the remedy of appeal before the SAT. That apart, he states that a particular transaction may result in separate violation of the provisions of the SEBI Act and as such the respondent No.1 is within its right to issue a show cause notice(s) to those violations. It is appropriate for the petitioner to reply to the said notices and thereafter, seek such remedy as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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