https://www.taxtmi.com/caselaws?id=103850 The court found that SEBI's actions under Section 11B were not justified without fulfilling the conditions precedent laid down under Section 11A. It held that SEBI's impugned order was bad in law and directed it to be quashed. The court emphasized that SEBI could take appropriate action against the petitioner for statutory violations in accordance with the law. The application was allowed, but no order as to costs was made. en-us Fri, 09 May 1997 00:00:00 +0530 Fri, 24 Feb 2012 17:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103850 The court found that SEBI's actions under Section 11B were not justified without fulfilling the conditions precedent laid down under Section 11A. It held that SEBI's impugned order was bad in law and directed it to be quashed. The court emphasized that SEBI could take appropriate action against the petitioner for statutory violations in accordance with the law. The application was allowed, but no order as to costs was made. Case-Laws Companies Law Fri, 09 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103850