1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.1267 OF 2007 Satyendra Ramgopal Sharma ..Petitioner V/s. Orbit Corporation Limited & ors ..Respondents S.R.A.Shaikh i/b.M/s.Thakordas and Madgavkar, Advocate, for petitioner Mr.Kiran Kandpile with Mr.Mandar Goswami, Advocate, for respondent No.1 Mr.Kunal Cheema, Advocate, for the respondent Nos.2 & 3 Mr.Deshmukh i/b.Amarchand & Mangaldas, Advocate, for respondent No.5 Ms.Sejal Shah i/b.Law Point, Advocate, for respondent No.6 Mr.Pranav Desai i/b.M.K.Ambalal & Co., Advocate, for the respondent Nos.11 & 13 Mr.Prakash Punjabi, Advocate, for respondent No.12 CORAM : J.N.PATEL & K.U.CHANDIWAL, JJ. DATE : 16TH JULY, 2008 P.C. . Heard. 2. S.R.A.Shaikh, the learned counsel for petitioner states that petition be adjourned as Mr.J.P.Cama, Senior Advocate is not available. We 2 find that this petition has been adjourned from time to time and is pending from the year 2007. The substantive relief sought in the petition by the petitioner is for quashing the Order of SEBI OBSERVATION LETTER dated 31st January, 2007 which is annexed to the petition. 3. The petitioner claims that he is Promotor of Indian Investor Protection Forum (Proposed) which itself goes to show that the petitioner does not represent any legal entity. Even considering that the petitioner can move this Court in person, it is the case of the petitioner that the said Prospectus Exhibit-A is not in accordance with the guidelines issued by respondent No.6 – SEBI. It is not the case of the petitioner that he has responded to the issue of the respondent – company nor he holds any share in the respondent – company. Therefore, we do not find that the petitioner has locus-standi in the matter. If at all, the petitioner has any grievance he is at liberty to approach SEBI which has in-built mechanism to regulate the issuance of IPO. Therefore, we dismiss Writ Petition with 3 liberty to the petitioner to seek an alternate remedy. (J.N.PATEL, J.) (K.U.CHANDIWAL, J.)