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of <h1>Supreme Court Upholds Securities Appellate Tribunal Decision</h1> <h3>FARMAX INDIA LIMITED Versus SECURITIES AND EXCHANGE BOARD OF INDIA</h3> The Supreme Court dismissed the civil appeal, upholding the decision of the Securities Appellate Tribunal without interference. Any pending interlocutory ... 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. 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.
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