Mr. H.K. Sharma and 131 others filed a writ petition in the High Court of Karnataka. The petition challenges the Operation and implementation of Companies (Registered Valuers and Valuation) Rules, 2017. The petitioners sought relief under Article 226 and 227 of the Constitution of India. The Union of India, represented by the Ministry of Corporate Affairs, is the respondent. The court, after hearing the matter, stayed the implementation of the rules insofar as the petitioners are concerned.

Mr. H.K. Sharma and 131 others filed a writ petition in the High Court of Karnataka. The petition challenges the Operation and implementation of Companies (Registered Valuers and Valuation) Rules, 2017. The petitioners sought relief under Article 226 and 227 of the Constitution of India. The Union of India, represented by the Ministry of Corporate Affairs, is the respondent. The court, after hearing the matter, stayed the implementation of the rules insofar as the petitioners are concerned.