https://www.taxtmi.com/caselaws?id=401237 The Supreme Court upheld the Securities Appellate Tribunal's decision to set aside an interim order by SEBI related to allegations of insider trading. The Tribunal found no urgency in the matter justifying the ex-parte order, emphasizing the need for extreme urgency in such cases. The Court agreed that the lack of urgency was evident, especially considering the timeline of investigations and information provided. Additionally, the Court clarified SEBI's statutory powers under Section 11(4) of the SEBI Act, emphasizing the importance of aligning orders with statutory provisions to ensure legal consistency. en-us Wed, 18 Nov 2020 00:00:00 +0530 Wed, 02 Dec 2020 11:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401237 The Supreme Court upheld the Securities Appellate Tribunal's decision to set aside an interim order by SEBI related to allegations of insider trading. The Tribunal found no urgency in the matter justifying the ex-parte order, emphasizing the need for extreme urgency in such cases. The Court agreed that the lack of urgency was evident, especially considering the timeline of investigations and information provided. Additionally, the Court clarified SEBI's statutory powers under Section 11(4) of the SEBI Act, emphasizing the importance of aligning orders with statutory provisions to ensure legal consistency. Case-Laws SEBI Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401237