Supreme Court · 2026 INSC 681 · Decided 13 July 2026
MR. Nilesh Shah & ORS. v. Securities and Exchange Board of India & ANR.
- Court
- Supreme Court of India
- Citation
- 2026 INSC 681 · [2026] 8 S.C.R. 160
- Case number
- CIVIL APPEAL No. 6529/2026
- Decided
- 13 July 2026
- Bench
- SATISH CHANDRA SHARMA, DIPANKAR DATTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Whether, in the facts and circumstances, there could be any breach or violation of SEBI (Mutual Funds) Regulations, 1996 where, as contended by the appellants: (i) the actions complained about did not result in any loss or harm to the investing public; of the Appellants resulted in gain to the investors; (iii) all three sets of Appellants acted bona fide in the interest of investors and did not make any monetary benefit or gain; (iv) had the Appellants taken steps as postulated by SEBI, there would have been a substantial monetary loss and harm
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