Supreme Court of India
Adjudicating Officer, Securities and Exchange Board of India v. Bhavesh Pabari
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
5 Supreme Court benches have cited this judgment.
What the Court ordered
For the aforesaid reasons, we do not find any infirmity with the concurrent findings or with the quantum of penalty imposed and the same is upheld.
Judgment, page 23
From the headnote
Securities and Exchange Board of India Act, 1992 – s.15-J, Cl. (a), (b) & (c) – Whether conditions stipulated in Clauses (a), (b) and (c) of s.15-J are exhaustive to govern the discretion in the Adjudicating Officer to decide on the quantum of penalty or the said conditions are merely illustrative – Held: Provisions of Clauses (a), (b) and (c) of s.15-J are illustrative in nature and have to be taken into account whenever such circumstances exist – But this is not to say that there can be no other circumstance(s) beyond those enumerated in Clauses (a), (b) and (c) of s.15-J that the…
Authorities it was built on
Where later benches applied it
- 2022 Dkg Buildcon Private Ltd v. The Adjudicating & Enquiry Officer, S.E.B.I.
- 2023 M/s North Eastern Chemicals Industries (p) Ltd. & Anr v. M/s Ashok Paper Mill (assam) Ltd. & Anr.
- 2023 The Madras Aluminium Co. Ltd. v. The Tamil Nadu Electricity Board and Anr.
- 2022 Securities and Exchange Board of India v. Sunil Krishna Khaitan and Others
- 2022 Mbl and Company Limited v. Securities and Exchange Board of India
Of those, 1 relied on · 4 mentioned
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