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    <title>2016 (11) TMI 1662 - Supreme Court</title>
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    <description>The Supreme Court set aside the Securities and Exchange Board of India&#039;s ex-parte order, replacing it with new directions following an appeal to the Securities Appellate Tribunal. The Court emphasized completion of investigations within six months, with provision for modification of orders if necessary. Respondents were required to seek permission from SEBI before alienating or encumbering assets. The judgment aimed to ensure fair proceedings and regulatory compliance, providing a structured approach to address the complexities of the case.</description>
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