JUDGMENT

SHIV NARAYAN DHINGRA, J.

This Writ Petition has been filed under Article 226 of the Constitution of India by the Petitioner making following prayers:

a) issue a writ of mandamus or any other appropriate writ directing the Respondent no. 1 to conduct an enquiry regarding the Price manipulation/inside trading of the Respondent No. 2 scrip during the said period.

b) direct the Respondent No. 1 to file a report on the subject in this Hon'ble Court for further directions.

c) pass such any other or further order/direction as this Hon'ble Court may deem fit and proper in the facts and circumstances of the case.

2. The Petitioner has stated that he was a small investor in the shares and the price of scrip of Respondent No. 2 company fluctuated vigorously first upward and then downward. The Petitioner had purchased 3000 shares of respondent no. 2 company @ Rs.476.34 and had to sell it @ Rs.454.52 thus incurring a loss of Rs.65,451.20. He made complaint to SEBI (Respondent No. 1) bringing it to the notice of SEBI that there was 'inside trading' and manipulation of price of scrip of Respondent No. 2 company but SEBI took no action and hence this Writ Petition.

3. This Court in