Supreme Court · 2019 INSC 289 · Decided 28 February 2019
Adjudicating Officer, Securities and Exchange Board of India v. Bhavesh Pabari
- Court
- Supreme Court of India
- Citation
- 2019 INSC 289 · [2019] 18 S.C.R. 898
- Case number
- CIVIL APPEAL No. 11311/2013
- Decided
- 28 February 2019
- Bench
- RANJAN GOGOI, DEEPAK GUPTA, SANJIV KHANNA (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
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 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
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