A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.
"Impugned order was passed in 2023 which was challenged in 2023 and after one year, now the matter is being circulated."
"No question of law involved in this appeal warranting our interference. Dismissed. You can't chase a person like this for years," the bench said.
Sebi had moved the top court against the December 4, 2023, order of the Securities Appellate Tribunal (SAT).
The SAT ruling came after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021.
Esta historia es de la edición November 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 12, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Qcom firms flouting domestic laws: CAIT
Top 3 companies got ₹54K cr FDI but used only ₹1.3K cr lawfully
AI may create 2.73 mn jobs in India by 2028
Amid intense debates over artificial intelligence (AI) and generative AI (GenAI) causing job loss going forward, a study by ServiceNow, in collaboration with Pearson, has projected that AI could actually drive employment growth, creating an estimated 2.73 million jobs in India by 2028.
Child insurance: Waiver of premium can help secure education goal
Vineet Kumar (name changed on request), a 32-year-old Faridabad-based advertising executive, is the father of a one-year-old. While he finds fatherhood fulfilling, he admits to certain anxieties. \"I do sometimes worry about what would happen to my child if I am not around,\" says Kumar.
More appetite for Swiggy than Zomato in long term
Brokerages bullish on its shares, give 'buy' rating to stock
F&O segment gets 45 additions
The stock exchanges on Wednesday announced the addition of 45 stocks in the new list of scrips eligible for trading in the futures and options (F&O) segment, including Zomato, Jio Financial, Paytm, Delhivery, and Avenue Supermarts.
Expansion, operational gains a positive for Hindalco
Consolidated net sales of Hindalco Industries stood at ₹58,200 crore, up 7 per cent year on year (Y-o-Y) and 2 per cent quarter on quarter (Q-o-Q) in the second quarter of the current financial year (Q2FY25), with better realisations and efficiencies in India.
Market regulator bats for easing angel fund norms
Market regulator Securities and Exchange Board of India (Sebi) may soon allow angel funds to expand the scope of investors by including Hindu undivided families (HUFs), family trusts, and sole proprietorships, among others.
Sebi takes up review of custodian norms
Capital market regulator Securities and Exchange Board of India (Sebi) has proposed measures to ease operations and compliance by custodians — entities which manage foreign portfolio investors (FPIs).
FMCG sector's defensive cloak feels tear of market forces
The fast-moving consumer goods (FMCG) sector is losing its status as a defensive sector.
Sebi mulls action for lapses in AI usage
The Securities and Exchange Board of India (Sebi) on Wednesday proposed norms to specify responsibilities on its registered entities like mutual funds, stock brokers and market infrastructure institutions (MIIs) for the use of artificial intelligence (AI) and machine learning (ML) tools.
