https://www.taxtmi.com/caselaws?id=764789 In SEBI Act compounding proceedings, the Court may examine the material considered by SEBI's HPAC and Whole Time Members to assess whether the applicant meets the recognised compounding guidelines, including the gravity of the violation, conduct of the applicant, and the public character of the offence. Regulation 29 of the SEBI (Settlement Proceedings) Regulations, 2018 does not bar such limited judicial scrutiny, although confidentiality may still be protected through sealed cover. The applicant's request for production was therefore allowed, and the refusal to entertain the Section 91 request was set aside, with the trial court left to decide whether the documents should be supplied to the applicant. en-us Tue, 14 Jan 2025 00:00:00 +0530 Fri, 17 Jan 2025 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764789 In SEBI Act compounding proceedings, the Court may examine the material considered by SEBI's HPAC and Whole Time Members to assess whether the applicant meets the recognised compounding guidelines, including the gravity of the violation, conduct of the applicant, and the public character of the offence. Regulation 29 of the SEBI (Settlement Proceedings) Regulations, 2018 does not bar such limited judicial scrutiny, although confidentiality may still be protected through sealed cover. The applicant's request for production was therefore allowed, and the refusal to entertain the Section 91 request was set aside, with the trial court left to decide whether the documents should be supplied to the applicant. Case-Laws SEBI Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764789