Hi, saw on the SEBI website that AP HC threw out its own earlier verdict of directing SEBI to re-look into the merger. It agreed with IB/NAM that AP HC didn’t have jurisdiction over the case and said that it should be left to NCLT to decide.
You can read the judgment here
https://sebi.gov.in/enforcement/orders/nov-2022/order-of-the-hon-ble-high-court-of-andhra-pradesh-at-amaravati-in-w-a-no-832-2022-indiabulls-real-estate-limited-and-2-others-vs-dhanekula-dharanish-and-sebi_65775.html
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