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2013 (9) TMI 1231 - SECURITIES APPELLATE TRIBUNAL, MUMBAI
Extract:
.......he securities market in India, appellants are liable for action under SEBI Act, 1992 and the Regulations made thereunder cannot be faulted. 36. For all aforesaid reasons, both questions raised in the appeal are answered in the affirmative, i.e. in favour of SEBI and against appellants. 37. Accordingly, appeal is dismissed with no order as to costs.