New Delhi: Providing Primacy and Batang against the view of the market regulator, the Supreme Court on Friday decided that the Appellate Tribunal (SAT) effect or any court must start shipping the operation and “be careful” of continuing these cases when deciding fraud and related crime with the stock market.
Refuse the attraction for compounding violations relating to the fraud of stock prices on the 1996 IPO which is exposed to the ideal & industrial Varanasi, Judge, Dy Chandrachud and Mr.
Shah said, “…
Before making a decision about whether to add to the violation to be punished Under Section 24 (1) SBI Act, SAT or court must get a view of the furniture for the main decision “.
“This view, except for Arbitrary Manifester or Mala Fide, must be given a high level of respect.
The court must be wary of replacing its own wisdom in gravity of violations …, while throwing out expert opinions about Sebi,” said Justice Chandrachud.
SC: the display must be for SAT or the court to add violations
