https://www.taxtmi.com/caselaws?id=404421 Writ interference at the show-cause stage was refused because the notice was only a preliminary regulatory step and the petitioners could place their objections before SEBI. The court also found a prima facie breach of the statutory registration framework, as debenture trustees must act only with valid registration under the SEBI Act and the Debenture Trustees Regulations, and the petitioners did not claim such registration. NBFC status did not take their securities-related activity outside SEBI's regulatory reach, so the proceedings were allowed to continue. en-us Fri, 12 Feb 2021 00:00:00 +0530 Sat, 20 Nov 2021 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404421 Writ interference at the show-cause stage was refused because the notice was only a preliminary regulatory step and the petitioners could place their objections before SEBI. The court also found a prima facie breach of the statutory registration framework, as debenture trustees must act only with valid registration under the SEBI Act and the Debenture Trustees Regulations, and the petitioners did not claim such registration. NBFC status did not take their securities-related activity outside SEBI's regulatory reach, so the proceedings were allowed to continue. Case-Laws SEBI Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404421