https://www.taxtmi.com/caselaws?id=459899 The court ruled that proceedings initiated by SEBI against the petitioner should not be kept in abeyance during the pendency of the criminal trial. It determined that SEBI's actions are remedial and preventive, aimed at protecting investors and market integrity, and can proceed independently of criminal proceedings. The court imposed interim restrictions on the petitioner, including prohibitions on issuing compliance certificates and accessing the securities market, to prevent further harm. This decision emphasizes the ability of regulatory bodies like SEBI to act swiftly in protecting investor interests, even amidst ongoing criminal proceedings. en-us Mon, 27 Feb 2012 00:00:00 +0530 Thu, 02 Jan 2025 23:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459899 The court ruled that proceedings initiated by SEBI against the petitioner should not be kept in abeyance during the pendency of the criminal trial. It determined that SEBI's actions are remedial and preventive, aimed at protecting investors and market integrity, and can proceed independently of criminal proceedings. The court imposed interim restrictions on the petitioner, including prohibitions on issuing compliance certificates and accessing the securities market, to prevent further harm. This decision emphasizes the ability of regulatory bodies like SEBI to act swiftly in protecting investor interests, even amidst ongoing criminal proceedings. Case-Laws SEBI Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459899