https://www.taxtmi.com/caselaws?id=220096 The Supreme Court upheld the Securities Appellate Tribunal's decision that the appeal was premature as directions from earlier appeals were not implemented. The Court emphasized the importance of complying with refund directives for amounts collected through public issues, extending deadlines for payment and documentation submission. Appellants were instructed to provide Demand Drafts to SEBI, with failure leading to legal actions for recovery. Costs were to be borne by appellants, overseen by Mr. Justice B.N. Agrawal. The Court disposed of all related appeals, emphasizing adherence to previous orders for investor and regulatory protection. en-us Wed, 05 Dec 2012 00:00:00 +0530 Thu, 10 Jan 2013 13:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220096 The Supreme Court upheld the Securities Appellate Tribunal's decision that the appeal was premature as directions from earlier appeals were not implemented. The Court emphasized the importance of complying with refund directives for amounts collected through public issues, extending deadlines for payment and documentation submission. Appellants were instructed to provide Demand Drafts to SEBI, with failure leading to legal actions for recovery. Costs were to be borne by appellants, overseen by Mr. Justice B.N. Agrawal. The Court disposed of all related appeals, emphasizing adherence to previous orders for investor and regulatory protection. Case-Laws Companies Law Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220096