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    <title>2015 (7) TMI 92 - SECURITIES APPELLATE TRIBUNAL MUMBAI</title>
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    <description>The Tribunal quashed SEBI&#039;s order directing the appellants to disgorge unlawful gains and imposing a 10-year ban from the securities market. The Tribunal found that the appellants had only addressed the preliminary issue during the personal hearing and had not argued on the merits of the case. Consequently, the impugned order was set aside, and a direction was given for a common order addressing both the preliminary issue and merits of the case.</description>
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      <description>The Tribunal quashed SEBI&#039;s order directing the appellants to disgorge unlawful gains and imposing a 10-year ban from the securities market. The Tribunal found that the appellants had only addressed the preliminary issue during the personal hearing and had not argued on the merits of the case. Consequently, the impugned order was set aside, and a direction was given for a common order addressing both the preliminary issue and merits of the case.</description>
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