https://www.taxtmi.com/caselaws?id=378646 The High Court upheld the trial court's decision to reject the petitioner's application under Section 24A of the SEBI Act, emphasizing the importance of not allowing compounding at the final stage to maintain stability in the securities market. Despite no investor losses, discharging the accused without SEBI's consent would undermine the objectives of the SEBI Act. The court declined the petitioner's application, highlighting the need to uphold the Act's purpose, without delving into the case's merits. The judgment concluded by disposing of the petition and related applications. en-us Mon, 01 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 07:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378646 The High Court upheld the trial court's decision to reject the petitioner's application under Section 24A of the SEBI Act, emphasizing the importance of not allowing compounding at the final stage to maintain stability in the securities market. Despite no investor losses, discharging the accused without SEBI's consent would undermine the objectives of the SEBI Act. The court declined the petitioner's application, highlighting the need to uphold the Act's purpose, without delving into the case's merits. The judgment concluded by disposing of the petition and related applications. Case-Laws SEBI Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378646