https://www.taxtmi.com/caselaws?id=336557 The appeal was dismissed, and SEBI's order was upheld by the Apex Court. SEBI was found to have jurisdiction to initiate proceedings against the appellants for violating SEBI Act provisions and related regulations. The appellants were accused of fraudulent activities in the GDR issuance process, misleading investors and creating an artificial market. As a result, the appellants were debarred from securities-related services and market access for ten years, with the penalties deemed appropriate for the severity of the fraud. en-us Tue, 25 Oct 2016 00:00:00 +0530 Sat, 24 Dec 2016 07:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336557 The appeal was dismissed, and SEBI's order was upheld by the Apex Court. SEBI was found to have jurisdiction to initiate proceedings against the appellants for violating SEBI Act provisions and related regulations. The appellants were accused of fraudulent activities in the GDR issuance process, misleading investors and creating an artificial market. As a result, the appellants were debarred from securities-related services and market access for ten years, with the penalties deemed appropriate for the severity of the fraud. Case-Laws Companies Law Tue, 25 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336557