Supreme Court · 2022 INSC 959 · Decided 14 September 2022
Kavi Arora v. Securities & Exchange Board of India
- Court
- Supreme Court of India
- Citation
- 2022 INSC 959 · [2022] 19 S.C.R. 323
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 15149/2021
- Decided
- 14 September 2022
- Bench
- INDIRA BANERJEE, A.S. BOPANNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Securities and Exchange Board of India Act, 1992 - s.15HA - Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 - rr.3, 4 - Show Cause Notice was issued by Respondent-SEBI to the Petitioner, who Finvest Limited (RFL) [subsidiary of Religare Enterprises Ltd. (REL)], alleging diversion of funds from RFL through several layers of conduit entities for the ultimate benefit of promoters of REL and RFL - Writ petition filed by the Petitioner seeking directions against SEBI, to
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