https://www.taxtmi.com/caselaws?id=461266 SEBI's ex parte interim restraint was treated as valid where prima facie material from a preliminary inquiry justified urgent investor-protection action, with post-decisional hearing available; the absence of a prior hearing did not vitiate the directions, and parallel tax implications did not oust securities law jurisdiction. The preferential allotment, promoter transfers, and subsequent trading in Pine Animation Limited were assessed cumulatively as a coordinated scheme involving artificial demand, controlled supply, matched trades, and a price rise unsupported by fundamentals, indicating prima facie manipulation and fraudulent trade practices. The restraint was substantially maintained with limited trading and liquidity relaxations for most noticees, while the restraint against one LTP contributor was revoked for insufficient material. en-us Mon, 22 Aug 2016 00:00:00 +0530 Tue, 25 Mar 2025 20:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461266 SEBI's ex parte interim restraint was treated as valid where prima facie material from a preliminary inquiry justified urgent investor-protection action, with post-decisional hearing available; the absence of a prior hearing did not vitiate the directions, and parallel tax implications did not oust securities law jurisdiction. The preferential allotment, promoter transfers, and subsequent trading in Pine Animation Limited were assessed cumulatively as a coordinated scheme involving artificial demand, controlled supply, matched trades, and a price rise unsupported by fundamentals, indicating prima facie manipulation and fraudulent trade practices. The restraint was substantially maintained with limited trading and liquidity relaxations for most noticees, while the restraint against one LTP contributor was revoked for insufficient material. Case-Laws SEBI Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461266