A bench presided by Chief Justice S H Kapadia stated in the order the new petition was almost identical to the one withdrawn earlier.
The court allowed the petitioners to file a new one.
But, the chief Justice orally told their counsel that would be the last time the court would hear it.
The main question raised during arguments by the counsel was over the constitutional aspects of the selection and appointment of the chairman and members of Sebi (the Securities and Exchange Board of India).
But, the judges pointed out there was nothing on that aspect in the petition. It did not say the notification and rules were constitutionally invalid.
Instead of enunciating constitutional principles, the petition went 'roundabout' and 'haywire' and demanded the present chairman be removed and things like that, it was observed.
The judges remarked they were 'indignant', as this was the second time the petition was being moved.
"It is not fair to the court," they said.
There were several allegations and they had nothing to do with the constitutional questions raised by the counsel but not found in the petition, the judges said, and added, "This is all towards publicity."
If there was mala fide in the appointment, it must be said so, the judges said.
In the order, the court emphasised it expected 'proper pleadings' on the constitutional doctrines vis-a-vis
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