https://www.taxtmi.com/caselaws?id=378356 The Tribunal quashed the ex-parte interim order by SEBI, emphasizing the need for procedural fairness and urgency in such orders. SEBI's allegations of market manipulation and cornering of Mentha Oil stocks were not substantiated, leading to the order being deemed harsh and unwarranted. The impact on the appellants' business and rights was considered severe, violating principles of natural justice. The Tribunal directed the appellants to file objections and mandated SEBI to provide a hearing before issuing further orders, with the findings not influencing the final decision. Appeals were allowed with no costs ordered. en-us Tue, 12 Mar 2019 00:00:00 +0530 Sat, 13 Apr 2019 06:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378356 The Tribunal quashed the ex-parte interim order by SEBI, emphasizing the need for procedural fairness and urgency in such orders. SEBI's allegations of market manipulation and cornering of Mentha Oil stocks were not substantiated, leading to the order being deemed harsh and unwarranted. The impact on the appellants' business and rights was considered severe, violating principles of natural justice. The Tribunal directed the appellants to file objections and mandated SEBI to provide a hearing before issuing further orders, with the findings not influencing the final decision. Appeals were allowed with no costs ordered. Case-Laws SEBI Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378356