https://www.taxtmi.com/caselaws?id=762833 The Bombay HC dismissed the petitioner's challenge to SEBI's rejection of settlement applications. SEBI rejected the applications due to deficient documentation and the petitioner's failure to maintain required net-worth for financial years 2019-2021. Despite multiple opportunities granted by SEBI from March to October 2024, the petitioner continued submitting inadequate documents. The HC held that settlement decisions involve public interest considerations beyond private disputes between violators and regulators. The court found SEBI's decision-making process fair, with no arbitrariness or breach of natural justice, as the petitioner received ample opportunities to comply with requirements. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 09 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762833 The Bombay HC dismissed the petitioner's challenge to SEBI's rejection of settlement applications. SEBI rejected the applications due to deficient documentation and the petitioner's failure to maintain required net-worth for financial years 2019-2021. Despite multiple opportunities granted by SEBI from March to October 2024, the petitioner continued submitting inadequate documents. The HC held that settlement decisions involve public interest considerations beyond private disputes between violators and regulators. The court found SEBI's decision-making process fair, with no arbitrariness or breach of natural justice, as the petitioner received ample opportunities to comply with requirements. Case-Laws SEBI Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762833