Securities Appellate Tribunal Case Commentaries

Preservation of Regulatory Mandates under the General Clauses Act: Art Nirman Ltd. v. NSE & SEBI

Date: Apr 9, 2022

Preservation of Regulatory Mandates under the General Clauses Act: Art Nirman Ltd. v. NSE & SEBI Introduction The case of Art Nirman Ltd. v. National Stock Exchange Of India Limited And Another...

Clarifying Insider Trading: Insights from Top Class Capital Markets Pvt. Ltd. v. SEBI on Insider Trading Regulations

Date: Mar 9, 2022

Clarifying Insider Trading: Insights from Top Class Capital Markets Pvt. Ltd. v. Securities & Exchange Board Of India Introduction The case of Top Class Capital Markets Pvt. Ltd. v. Securities &...

Limits of SEBI's Jurisdiction Over Chartered Accountants: Insights from Mani Oommen v. SEBI

Date: Feb 19, 2022

Limits of SEBI's Jurisdiction Over Chartered Accountants: Insights from Mani Oommen v. Securities and Exchange Board of India Introduction The case of Mani Oommen v. Securities And Exchange Board Of...

Requirement of Establishing Collusion for Price Manipulation under PFUTP Regulations: Amaresh Pathak v SEBI

Date: Feb 17, 2021

Requirement of Establishing Collusion for Price Manipulation under PFUTP Regulations: Amaresh Pathak v SEBI Introduction The case of Amaresh Pathak And Others v. Securities And Exchange Board Of...

Axis Bank v. NSE: Upholding Order II Rule 2 of CPC in Professional Clearing and Banking Roles

Date: Nov 12, 2020

Axis Bank Limited Trishul v. National Stock Exchange Of India Ltd. And Others: Upholding Order II Rule 2 of CPC in Professional Clearing and Banking Roles Introduction The case of Axis Bank Limited...

SEBI's Enforcement Limitations During IBC Moratorium: Insights from Dewan Housing Finance Corporation Ltd. v. SEBI

Date: Oct 10, 2020

SEBI's Enforcement Limitations During IBC Moratorium: Insights from Dewan Housing Finance Corporation Ltd. v. SEBI Introduction The case of Dewan Housing Finance Corporation Ltd., Mumbai And Another...

Restricting SEBI's Authority on Ex-Parte Interim Orders: Insights from Dr. Udayant Malhoutra v. SEBI

Date: Jun 28, 2020

Restricting SEBI's Authority on Ex-Parte Interim Orders: Insights from Dr. Udayant Malhoutra v. SEBI Introduction The case of Dr. Udayant Malhoutra v. Securities And Exchange Board Of India (SEBI),...

Nirmal Kotecha v. SEBI: Establishing Accountability in Securities Market Manipulation

Date: Mar 3, 2020

Nirmal Kotecha v. SEBI: Establishing Accountability in Securities Market Manipulation Introduction The case of Nirmal N. Kotecha v. Securities And Exchange Board Of India (SEBI) adjudicated by the...

Obligation of SEBI Adjudicating Officers to Supply Reliant Documents: Shruti Vora v. SEBI

Date: Feb 13, 2020

Obligation of SEBI Adjudicating Officers to Supply Reliant Documents: Shruti Vora v. Securities and Exchange Board of India Introduction In the landmark case of Shruti Vora v. Securities and Exchange...

Enhanced Scrutiny on Volume Manipulation: Insights from Shailesh Shah v. SEBI

Date: Feb 8, 2020

Enhanced Scrutiny on Volume Manipulation: Insights from Shailesh Shah v. Securities and Exchange Board of India Introduction The case of Shailesh Shah v. Securities and Exchange Board of India (SEBI)...

Affirmation of Due Process in Securities Regulations: Insights from A.T. Rajan v. SEBI

Date: Jan 30, 2020

Affirmation of Due Process in Securities Regulations: Insights from A.T. Rajan v. SEBI Introduction The case of A.T. Rajan v. Securities And Exchange Board Of India (SEBI), adjudicated by the...

Reassessment of PFUTP Violation Penalties: Insights from Labhu Gohil v. SEBI

Date: Jan 30, 2020

Reassessment of PFUTP Violation Penalties: Insights from Labhu Gohil v. Securities And Exchange Board Of India Introduction The case of Labhu Gohil v. Securities And Exchange Board Of India (SEBI)...

Tribunal Affirms SEBI Must Establish Mens Rea to Debar Chartered Accountants: Price Waterhouse v. SEBI

Date: Sep 10, 2019

Tribunal Affirms SEBI Must Establish Mens Rea to Debar Chartered Accountants: Price Waterhouse v. SEBI Introduction The case of Price Waterhouse & Co. Bangalore LLP and Others v. Securities and...

Director Liability Clarified: Insights from Sayanti Sen v. SEBI Tribunal

Date: Aug 10, 2019

Director Liability Clarified: Insights from Sayanti Sen v. SEBI Tribunal Introduction The case of Sayanti Sen v. Securities And Exchange Board Of India (SEBI) addressed critical issues regarding the...

Affirming Natural Justice: Limiting SEBI’s Ex-Parte Interim Orders in Market Manipulation Cases

Date: Mar 13, 2019

Affirming Natural Justice: Limiting SEBI’s Ex-Parte Interim Orders in Market Manipulation Cases Introduction The Securities Appellate Tribunal's (SAT) decision in North End Foods Marketing Pvt. Ltd....

Enforcement of SEBI’s Anti-Manipulation Provisions: Scope Vyapar Pvt. Ltd. v. SEBI

Date: Feb 1, 2014

Enforcement of SEBI’s Anti-Manipulation Provisions: Scope Vyapar Pvt. Ltd. v. SEBI Introduction The case of Scope Vyapar Pvt. Ltd. v. Securities and Exchange Board of India (SEBI) adjudicated by the...

Rajesh N. Jhaveri v. Securities And Exchange Board Of India: Establishing Burden of Proof in Market Manipulation Cases

Date: Sep 14, 2013

Rajesh N. Jhaveri v. Securities And Exchange Board Of India: Establishing Burden of Proof in Market Manipulation Cases Introduction The case of Rajesh N. Jhaveri v. Securities And Exchange Board Of...

SEBI Tribunal Quashes Penalty on S.P.J. Stock Brokers Pvt. Ltd. for Synchronized Trading Practices

Date: Sep 5, 2013

SEBI Tribunal Quashes Penalty on S.P.J. Stock Brokers Pvt. Ltd. for Synchronized Trading Practices Introduction The case of S.P.J. Stock Brokers Pvt. Ltd. v. Securities and Exchange Board of India...

Judgment Commentary: Prolonged Delays and Due Process in Securities Market Regulation

Date: Aug 28, 2013

Prolonged Delays and Due Process in Securities Market Regulation: A Critical Analysis of Hb Stockholdings Limited v. SEBI 1. Introduction The case of Hb Stockholdings Limited v. Securities and...

Interpretation of 'Acquirer' under SEBI Takeover Code: O.P. Gulati v. SEBI

Date: Jan 12, 2012

Interpretation of 'Acquirer' under SEBI Takeover Code: O.P. Gulati v. SEBI Introduction The case of O.P. Gulati v. Securities and Exchange Board of India (SEBI) adjudicated by the Securities...