https://www.taxtmi.com/caselaws?id=309368 Post-decisional hearing can cure the absence of a prior hearing for an ad interim ex parte protective order issued in the interest of investors and the securities market, so a natural justice challenge fails where urgent interim action is followed by an opportunity to respond. Directors, including non-executive directors, may still be held responsible for regulatory violations where the material shows lack of due diligence and no effective corrective action, and such responsibility is not displaced by private undertakings or reliance on proceedings under other statutes. On that basis, the restraint directions were confirmed and continued, with segregated handling of the relevant funds and securities through dedicated accounts. en-us Fri, 14 Dec 2018 00:00:00 +0530 Mon, 28 Aug 2023 18:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309368 Post-decisional hearing can cure the absence of a prior hearing for an ad interim ex parte protective order issued in the interest of investors and the securities market, so a natural justice challenge fails where urgent interim action is followed by an opportunity to respond. Directors, including non-executive directors, may still be held responsible for regulatory violations where the material shows lack of due diligence and no effective corrective action, and such responsibility is not displaced by private undertakings or reliance on proceedings under other statutes. On that basis, the restraint directions were confirmed and continued, with segregated handling of the relevant funds and securities through dedicated accounts. Case-Laws SEBI Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309368