https://www.taxtmi.com/caselaws?id=108978 The court upheld SEBI's order and the appellate authority's confirmation, dismissing the petition. It found that SEBI had substantially complied with principles of natural justice, denying cross-examination did not prejudice the petitioner, and SEBI's directive to refund public issue proceeds was legitimate to protect investors' interests. The court emphasized SEBI's authority under sections 11 and 11B of the SEBI Act to regulate the securities market and protect investors. Additionally, the court imposed costs of Rs. 10,000 on the petitioner for the proceedings. en-us Mon, 06 May 2002 00:00:00 +0530 Thu, 05 Apr 2012 12:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108978 The court upheld SEBI's order and the appellate authority's confirmation, dismissing the petition. It found that SEBI had substantially complied with principles of natural justice, denying cross-examination did not prejudice the petitioner, and SEBI's directive to refund public issue proceeds was legitimate to protect investors' interests. The court emphasized SEBI's authority under sections 11 and 11B of the SEBI Act to regulate the securities market and protect investors. Additionally, the court imposed costs of Rs. 10,000 on the petitioner for the proceedings. Case-Laws Companies Law Mon, 06 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108978