Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
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The HC held that issuance of a show-cause notice with one day's hearing notice and post-hearing/email communications violated the principles of natural justice. The writ petition was disposed of while declining to strike down the SCN on jurisdictional grounds. The Petitioner is directed to file a substantive reply to the SCN within 30 days (deadline: 30 September 2025). The Department shall grant the Petitioner a personal hearing, and the Adjudicating Authority must thereafter pass a detailed, reasoned order. No other relief granted; procedural non-compliance remedied by affording adequate time and hearing before further adjudication.
The HC held that issuance of a show-cause notice with one day's hearing notice and post-hearing/email communications violated the principles of natural justice. The writ petition was disposed of while declining to strike down the SCN on jurisdictional grounds. The Petitioner is directed to file a substantive reply to the SCN within 30 days (deadline: 30 September 2025). The Department shall grant the Petitioner a personal hearing, and the Adjudicating Authority must thereafter pass a detailed, reasoned order. No other relief granted; procedural non-compliance remedied by affording adequate time and hearing before further adjudication.
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