https://www.taxtmi.com/caselaws?id=413766 Criminal prosecution under the SEBI Act may be stayed where the same allegations were rejected on merits in adjudication proceedings and that exoneration is under challenge before the Supreme Court. The governing principle noted is that adjudication and criminal proceedings can ordinarily proceed together, but a merits-based finding that the violations are unsustainable can justify suspension of prosecution on identical facts. Here, the earlier adjudication order exonerating the applicants was not based on a technical ground, and the criminal complaint was kept in abeyance until the Supreme Court decides the pending appeal against that order. en-us Thu, 14 Oct 2021 00:00:00 +0530 Tue, 19 Oct 2021 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413766 Criminal prosecution under the SEBI Act may be stayed where the same allegations were rejected on merits in adjudication proceedings and that exoneration is under challenge before the Supreme Court. The governing principle noted is that adjudication and criminal proceedings can ordinarily proceed together, but a merits-based finding that the violations are unsustainable can justify suspension of prosecution on identical facts. Here, the earlier adjudication order exonerating the applicants was not based on a technical ground, and the criminal complaint was kept in abeyance until the Supreme Court decides the pending appeal against that order. Case-Laws SEBI Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413766