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Judgment in WP No. 2849 of 2006 - Mukesh Garg Vs SEBI

Mar 24, 2006
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Orders : Orders of Courts

IN THE HIGH COURT OF DELHI AT NEW DELHI

(EXTRA ORDINARY WRIT JURISDICTION)

W. P. (C ) 2849/2006

IN THE MATTER OF

MUKESH GARG                                                                  … Petitioner

                                                            Through Mr. Vidhu Updhyaya, Adv.

 

Versus

 

SECURITIES & EXCHANGE BOARD OF INDIA          … Respondent Through Mr. Sudhir Kumar, Advocate

 

CORAM:

HON’BLE MR. JUSTICE VIKRAMAJIT SEN

 

ORDER

24.03.2006

 

            Firstly, the Petitioner had participated in conciliation proceedings and thereafter in arbitration proceedings.  It is in these circumstances that he now seeks the appointment of an Adjudicator under Section 15-I of the Securities and Exchange Board of India Act, 1992.  Having elected his remedy it is now not open to the Petitioner to pray for the appointment of an Adjudicator.

            The writ petition is dismissed.

 

Sd/-
Vikramajit Sen, J