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    <title>2013 (4) TMI 1011 - Supreme Court</title>
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    <description>The Securities Appellate Tribunal was required to first record its own finding on the alleged contraventions under the Companies Act, 1956, with reference to the show cause notice, before deciding the jurisdictional objection concerning SEBI. Because that independent examination had not been undertaken, the impugned order could not be sustained on the existing record. The order was therefore set aside and the matter remanded to the Tribunal for reconsideration on merits in accordance with law.</description>
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      <description>The Securities Appellate Tribunal was required to first record its own finding on the alleged contraventions under the Companies Act, 1956, with reference to the show cause notice, before deciding the jurisdictional objection concerning SEBI. Because that independent examination had not been undertaken, the impugned order could not be sustained on the existing record. The order was therefore set aside and the matter remanded to the Tribunal for reconsideration on merits in accordance with law.</description>
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