Dear All,
I want to file an PIL or WRIT on the SEBI a stock market watchdog for taking so much time in the investigation,ignoring the investors investment,they ban,suspend or delist the companies without informing the investors and the effect is huge loss of wealth on the next day of trading,SEBI knew the effect,there is no mechanism out there to protect the investors investment.
On sept 21,2011 they ban one company from raising further equity,13 months gone by for the investigation and the company project is very much stuck due to the ongoing investigation and the investors has suffered an huge loss of wealth due to the ban from the sebi,there is no time frame for the outcome.
I want to file an case on the sebi on behalf of 2 lakh shareholders,let me know which is better PIL or WRIT?
Iam from mumbai and how much would be total fees for the writ or pil in the mumbai high court.