https://www.taxtmi.com/caselaws?id=441220 The Tribunal upheld SEBI's authority to issue ex parte ad interim orders to protect investors and market integrity. The case involved alleged violations of SEBI regulations related to fund siphoning and round-tripping, stemming from a fixed deposit appropriation by Yes Bank. While the appellants raised concerns about procedural fairness, the Tribunal held that a post-decisional hearing sufficed in urgent cases. SEBI was directed to appoint a new officer to address potential bias concerns, and the appellants were instructed to file objections within two weeks, emphasizing that the Tribunal's observations were preliminary. en-us Mon, 10 Jul 2023 00:00:00 +0530 Fri, 04 Aug 2023 07:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441220 The Tribunal upheld SEBI's authority to issue ex parte ad interim orders to protect investors and market integrity. The case involved alleged violations of SEBI regulations related to fund siphoning and round-tripping, stemming from a fixed deposit appropriation by Yes Bank. While the appellants raised concerns about procedural fairness, the Tribunal held that a post-decisional hearing sufficed in urgent cases. SEBI was directed to appoint a new officer to address potential bias concerns, and the appellants were instructed to file objections within two weeks, emphasizing that the Tribunal's observations were preliminary. Case-Laws SEBI Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441220