<ul><li>Senior Advocate Kapil Sibal argues that restricting trading in Kairosoft's stock based on YouTube videos with low viewership is unfair.</li><li>Kairosoft's promoters only hold a 5% stake, and the videos were taken down following a cyber complaint.</li><li>The constitutionality of exchange circulars and territorial jurisdiction of the Delhi High Court are raised in the case.</li><li>SEBI plans to explain the GSM mechanism in the next hearing, and the outcome could impact regulatory surveillance measures on stocks.</li></ul>

Kairosoft disputes SEBI, BSE’s legislation for imposing GSM Stage 4 in Delhi HC

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