JUDGMENT :

PAMIDIGHANTAM SRI NARASIMHA, J.

1. The short question for our consideration in this appeal relates to the scope of the rectificatory jurisdiction of the National Company Law Tribunal under Section 59 of the Companies Act, 2013¹ [hereinafter referred to as the ‘2013 Act’]. In this context, we are called upon to determine the appropriate forum for adjudication and determination of violations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997² [hereinafter referred to as the ‘SEBI (SAST) Regulations’] and Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992³ [hereinafter referred to as the ‘SEBI (PIT) Regulations’] framed under the Securities and Exchange Board of India Act, 1992⁴ [hereinafter referred to as ‘the SEBI Act’]. We have answered both the questions. On the first issue, following the decision of this Court in Ammonia Supplies