https://www.taxtmi.com/caselaws?id=239519 SEBI Chairman appointments must satisfy the statutory standard of ability, integrity and standing under the SEBI Act, and the Court treated SEBI as an integrity-sensitive regulator. It found no legal infirmity in the appointee's service arrangements, disclosures, or post-retirement employment concerns, so the eligibility challenge failed. Allegations of mala fides required specific pleadings and cogent material, and the Court found none to show manipulation of the selection process, so the plea of colourable exercise of power was rejected. It also held that public interest litigation demands full and candid disclosure; suppression of earlier proceedings and selective presentation of facts showed a lack of bona fides, so the writ petition was not treated as a genuine public interest challenge. en-us Fri, 01 Nov 2013 00:00:00 +0530 Mon, 25 Mar 2019 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239519 SEBI Chairman appointments must satisfy the statutory standard of ability, integrity and standing under the SEBI Act, and the Court treated SEBI as an integrity-sensitive regulator. It found no legal infirmity in the appointee's service arrangements, disclosures, or post-retirement employment concerns, so the eligibility challenge failed. Allegations of mala fides required specific pleadings and cogent material, and the Court found none to show manipulation of the selection process, so the plea of colourable exercise of power was rejected. It also held that public interest litigation demands full and candid disclosure; suppression of earlier proceedings and selective presentation of facts showed a lack of bona fides, so the writ petition was not treated as a genuine public interest challenge. Case-Laws Indian Laws Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239519