https://www.taxtmi.com/caselaws?id=763953 The Securities Appellate Tribunal, Mumbai set aside SEBI's interim ex-parte order against the appellant for executing Related Party Transactions without prior shareholder approval under Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Tribunal found that despite ongoing correspondence between the parties since 2020, the interim order was passed without tenable reasons or adequate hearing opportunity. The Tribunal directed the appellant to file a reply within 21 days and SEBI to conclude proceedings within 30 days of hearing, noting SEBI retains powers to pass appropriate directions including disgorgement orders if violations are established. en-us Wed, 22 May 2024 00:00:00 +0530 Wed, 01 Jan 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763953 The Securities Appellate Tribunal, Mumbai set aside SEBI's interim ex-parte order against the appellant for executing Related Party Transactions without prior shareholder approval under Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Tribunal found that despite ongoing correspondence between the parties since 2020, the interim order was passed without tenable reasons or adequate hearing opportunity. The Tribunal directed the appellant to file a reply within 21 days and SEBI to conclude proceedings within 30 days of hearing, noting SEBI retains powers to pass appropriate directions including disgorgement orders if violations are established. Case-Laws SEBI Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763953