2023 (7) TMI 2 - SCH - SEBI

Offence under SEBI Act - fraudulent scheme of issuing GDR with an ulterior motive - whether the appellants had played part in the fraudulent scheme of issuing GDR with an ulterior motive? - HELD THAT - No ground to interfere with the impugned order passed by the Securities Appellate Tribunal 2022 (3) TMI 1539 - THE SECURITIES APPELLATE TRIBUNAL MUMBAI The civil appeal is accordingly dismissed.

Summary

The Supreme Court dismissed the civil appeal as they found no ground to interfere with the impugned order passed by the Securities Appellate Tribunal. Any pending interlocutory application(s) were disposed of.