2013 (7) TMI 1244 - SC - SEBI

Summary

The Supreme Court of India, in its judgment cited as 2013 (7) TMI 1244, addressed several civil appeals. The bench comprised Hon'ble Justices Surinder Singh Nijjar and Ranjan Gogoi.

1. Civil Appeal No. 7219 of 2010: This appeal was deemed infructuous as the period of debarment had expired, rendering any further order unnecessary.

2. Civil Appeal No. 7290 of 2010: The appeal challenged an order by the Securities Appellate Tribunal (SAT) related to the Securities and Exchange Board of India Act, 1992. The appellant argued against the facilitation of ill-gotten gains. The court decided to remand the case back to SEBI for reconsideration, keeping all issues open and directing the appellant to furnish a list of assets as previously ordered.

3. Civil Appeal No. 9834 of 2010: After hearing arguments from both parties, the court dismissed this appeal.

4. Civil Appeal No. 9777 of 2010: Similar to Civil Appeal No. 7219, this appeal was also disposed of as infructuous due to the expiration of the debarment period.

The judgment reflects procedural decisions based on the status of the cases and the need for further consideration by SEBI in one instance.