New Delhi, Aug. 26 -- The Delhi High Court has dismissed a Public Interest Litigation (PIL) challenging the sale of shares of the National Stock Exchange of India Limited (NSE) by IFCI Limited, holding that the petitioner had failed to disclose an earlier case filed by him before the Bombay High Court on substantially similar issues.

A division bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia also imposed exemplary costs of Rs 5 lakh on the petitioner, Parinay Sharma. The amount has been directed to be paid to the Delhi High Court Bar Clerks' Association within two weeks.

The PIL had sought directions relating to IFCI's divestment of its NSE shareholding. The petitioner had also sought disclosure of the ow...