https://www.taxtmi.com/caselaws?id=405478 The Tribunal quashed and set aside the ex-parte order by SEBI, except as a Show Cause Notice (SCN). The appellants must reply to the SCN within four weeks, and SEBI must make a final decision after granting the appellants a hearing within six months. The appellants were directed to deposit specified amounts in an interest-bearing Escrow Account with SEBI within four weeks to protect investors' interests and the securities market's integrity. The Tribunal emphasized the importance of passing ex-parte interim orders sparingly and only in urgent matters. en-us Thu, 01 Oct 2020 00:00:00 +0530 Sat, 20 Mar 2021 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405478 The Tribunal quashed and set aside the ex-parte order by SEBI, except as a Show Cause Notice (SCN). The appellants must reply to the SCN within four weeks, and SEBI must make a final decision after granting the appellants a hearing within six months. The appellants were directed to deposit specified amounts in an interest-bearing Escrow Account with SEBI within four weeks to protect investors' interests and the securities market's integrity. The Tribunal emphasized the importance of passing ex-parte interim orders sparingly and only in urgent matters. Case-Laws SEBI Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405478