Wednesday 28 May 2014

HC dismissed writ against SEBI's order as petitioner had an alternative remedy of filing appeal befo

SEBI : Where whole time member of SEBI passed an order against petitioner for violation of regulation 11 of SEBI (Prohibition of Insider Trading Regulations), 1992 and petitioner filed writ petition against that order contending that consent order had already been passed by Adjudicating Officer on identical issue, writ petition was to be dismissed as effective, efficatious and alternative remedy of appeal to SAT was available to petitioner


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