https://www.taxtmi.com/caselaws?id=347635 The Tribunal dismissed the appeal challenging SEBI's ex-parte order restraining the Appellant from market access and directorial positions. SEBI's order was based on fund diversion findings. The Tribunal directed the Appellant to respond within 21 days, with SEBI to issue final orders in four months. SEBI's reliance on audit reports was upheld, emphasizing the Appellant's right to defend. The Tribunal permitted the Appellant to seek partial relief regarding his UBL chairmanship. Other parties' appeals were also instructed for resolution by SEBI within the set timeframe. en-us Fri, 11 Aug 2017 00:00:00 +0530 Thu, 07 Sep 2017 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347635 The Tribunal dismissed the appeal challenging SEBI's ex-parte order restraining the Appellant from market access and directorial positions. SEBI's order was based on fund diversion findings. The Tribunal directed the Appellant to respond within 21 days, with SEBI to issue final orders in four months. SEBI's reliance on audit reports was upheld, emphasizing the Appellant's right to defend. The Tribunal permitted the Appellant to seek partial relief regarding his UBL chairmanship. Other parties' appeals were also instructed for resolution by SEBI within the set timeframe. Case-Laws Companies Law Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347635