Authority: High Court of Gujarat at Ahmedabad
Order Date: 31/08/2026
Case Overview
- Petition filed by Tirupati Finlease Limited (Petitioner No.1) against Union of India and others, seeking a direction that SEBI decide the representation made by the petitioner within a specified time‑bound schedule.
- Advocates: Mr. Dipen Desai appeared for the petitioner; Mr. Nikunt Rawal appeared for the respondents.
- The petitioner requested the court to impose a deadline on SEBI; respondents argued the complaint should be considered per law.
Final Outcome
- The Court observed that the issue is complex and declined to prescribe any specific time limit for SEBI.
- The petitioner did not press the petition further; permission sought was granted, and the petition was disposed of as not pressed.
- The Court expressly stated that it did not examine the merits of the matter.
Topics: Legal Dispute, SEBI Regulation