No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which an adjudicating officer appointed under this Act or a Securities Appellate Tribunal constituted under this Act is empowered by or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act.
Chapter VIB — Establishment, Jurisdiction, Authority and Procedure of Appellate Tribunal
Section 15Y
Civil Court not to have jurisdiction
Printed from Law on Tips • The Securities and Exchange Board of India Act, 1992