https://www.taxtmi.com/caselaws?id=750646 The Bombay HC disposed of a petition challenging a SEBI show-cause notice issued under sections 11(1), 11(2)(b), 11(4) and 11(B) of the SEBI Act. The petitioner contended the notice was jurisdictionally invalid and identical to an earlier notice from which they were discharged. The HC directed SEBI to decide the jurisdictional issue as a preliminary matter before proceeding with the show-cause notice adjudication. The court clarified that until jurisdiction is determined, SEBI cannot adjudicate the notice on merits or record evidence, keeping all contentions open for the parties. en-us Tue, 19 Mar 2024 00:00:00 +0530 Wed, 27 Mar 2024 08:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750646 The Bombay HC disposed of a petition challenging a SEBI show-cause notice issued under sections 11(1), 11(2)(b), 11(4) and 11(B) of the SEBI Act. The petitioner contended the notice was jurisdictionally invalid and identical to an earlier notice from which they were discharged. The HC directed SEBI to decide the jurisdictional issue as a preliminary matter before proceeding with the show-cause notice adjudication. The court clarified that until jurisdiction is determined, SEBI cannot adjudicate the notice on merits or record evidence, keeping all contentions open for the parties. Case-Laws SEBI Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750646