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.
Denne historien er fra November 12, 2024-utgaven av Business Standard.
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Denne historien er fra November 12, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Markets dip amid selloff in Adani group stocks
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Conglomerate's combined market capitalisation falls by ₹2.2 trillion
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Talks with stakeholders for proposed scheme completed
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Quant MF's big Adani bet may have sense of deja vu
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Premium Valuations may cap upsidesforlndian Hotels
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Vedanta Resources defers dollar bond issue due to mkt volatility
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