63 Moons Technologies Limited v. The Securities And Exchange Board Of India

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 27.02.2023

CORAM

THE HON'BLE Mr. JUSTICE C.V.KARTHIKEYAN W.P.No.11066 of 2020 and W.M.P.Nos.13469 & 13470 of 2020 63 Moons Technologies Limited, Rep. by its Authorized Signatory John Dheepak, having its Registered Office at Shakti Tower-1, 7th Floor, Premises, E.766, Anna Salai, Thousand Lights, Chennai - 600 002.

.. Petitioner Vs.

1.The Securities and Exchange Board of India Southern Regional Office (SRO), 7th Floor, 756-L, Anna Salai, Chennai - 600 002, Tamil Nadu, and having their corporate office at;

Plot No.C4-A, G Block, Near Bank of India, Bhandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400 051.

2.Immediate Real Estate Private Limited, F/40, 1st Floor, Raghuleela Mega Mall, Nr Poisar Bus Depot, Kandivali (West), Mumbai - 400 067.

3.Ghardwar Real Estate Private Limited, F/40, 1st Floor, Raghuleela Mega Mall, Nr Poisar Bus Depot, Kandivali (West), Mumbai - 400 067.

.. Respondents

Prayer: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus, directing the 1st respondent to statutorily perform its duty by taking action in furtherance to the petitioner's representation each dated 13.06.2020 as per SEBI (Prohibition Fraudulent and Unfair Trade Practices Regulations), 2003, SEBI (Issue and Listing of Debt Securities) Regulations 2008, Securities Contracts (Regulation) Act, 1956, SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, read with Securities Exchange Board of India Act, 1992 and allied rules and regulations issued thereunder and also direct the 1st respondent to launch a fact finding investigation and exercise necessary powers under the Securities Exchange Board of India Act, 1992 and SEBI (Prohibition Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 to investigate, solve and settle the crisis arising out of the petitioner dated 13.06.2020.

For Petitioner .. Mr.Akash Srinanda.V For Respondents For R1 .. Mr.V.Shivakumar for M/s.Sivakumar & Suresh

ORDER

The learned counsel appearing for the petitioner sought permission of this Court to withdraw this Writ Petition and he has also made the following endorsement to that effect:

"The counsel for the petitioner may be permitted to withdraw the present writ petition."

2. In view of the endorsement made by the learned counsel for the petitioner, this Writ petition stands dismissed as withdrawn. No costs. Consequently, connected miscellaneous petitions are closed. 27.02.2023 Index:Yes/No Internet:Yes/No ata

C.V.KARTHIKEYAN,J.

ata W.P.No.11066 of 2020 27.02.2023