Wescare India Ltd, v. Securities And Exchange Board

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED :21.12.2018

CORAM

THE HON'BLE MR.JUSTICE R.MAHADEVAN W.P.No.29717 of 2007 and M.P.No.1 of 2007 Wescare India Limited, Wescare Towers, 16,Cenotaph Road, Teynampet, Chennai 600 018, Represented by its Chairman, Mr.V.R.Raghunathan ..Petitioner vs 1.The Securities and Exchange Board of India, (SEBI), Plot No.C4-A, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, Represented by its Chairman.

2.The UTI Securities Limited, Dheeraj Arma, 1st Floor, Anant Kanekar Marg, Bandra (East), Mumbai - 400 051.

3.The Indowind Energy Limited, 4th Floor, Kothari Building, 114, Nungambakkam High Road, Chennai - 600 034, Represented by its Managing Director. .. Respondents Petition filed under Article 226 of the Constitution of India praying for issuance of a Writ of Mandamus directing the first respondent to conduct a full, proper and transparent enquiry into the acts of omission, commission, misfeasance and malfeasance committed by the second and third respondent in respect of the Initial Public Offer of the third respondent which opened on 21.08.2007 and to delist the equity shares of the third respondent from the National Stock Exchange and the Bombay Stock Exchange.

https://hcservices.ecourts.gov.in/hcservices/

For Petitioner : No appearance For Respondents : Mr.K.Balamurali for M/s. Shivakumar for R1 R2 served with notice Mr.V.Raghavachari for R3

O R D E R

When this writ petition was taken up on 19.12.2018, there was no representation for the petitioner. Hence this writ petition was directed to be posted today under the caption 'for dismissal'. Even today, there is no representation for the petitioner. Hence this writ petition is dismissed for nonprosecution. No costs. Consequently, the connected miscellaneous petition is also dismissed.

Sd/- Assistant Registrar //True Copy// Sub Assistant Registrar mfa To

1. The Chairman, Securities and Exchange Board of India,(SEBI), Plot No.C4-A, G-Block, Bandra-Kurla Complex, Bandra (East),Mumbai - 400 051,

2. The UTI Securities Limited, Dheeraj Arma, 1st Floor, Anant Kanekar Marg, Bandra (East), Mumbai - 400 051.

3. Managing Director, The Indowind Energy Limited, 4th Floor, Kothari Building, 114, Nungambakkam High Road, Chennai - 600 034.

+1cc to Mr.V.Raghavachari, Advocate, S.R.No.89667 +1cc to Mr.Shivakumar & Suresh, Advocate, S.R.No.89664 W.P.No.29717 of 2007 and M.P.No.1 of 2007 NMI(CO) rrs 24/01/2019 https://hcservices.ecourts.gov.in/hcservices/