https://www.taxtmi.com/caselaws?id=768546 SC held that SEBI exceeded its jurisdiction by reopening a finalized case and issuing fresh disgorgement orders four years after passing a final order under Section 11B of the SEBI Act, 1992. The Court ruled that SEBI cannot pass multiple final orders on the same cause of action and criticized SEBI's unconscionable delay in proceedings. The disgorgement order dated 28.09.2018 was deemed unsustainable in law due to res judicata principles. However, the Court found the Tribunal's award of costs to entities that engaged in fraudulent acts was unjustified. en-us Mon, 07 Apr 2025 00:00:00 +0530 Wed, 09 Apr 2025 07:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768546 SC held that SEBI exceeded its jurisdiction by reopening a finalized case and issuing fresh disgorgement orders four years after passing a final order under Section 11B of the SEBI Act, 1992. The Court ruled that SEBI cannot pass multiple final orders on the same cause of action and criticized SEBI's unconscionable delay in proceedings. The disgorgement order dated 28.09.2018 was deemed unsustainable in law due to res judicata principles. However, the Court found the Tribunal's award of costs to entities that engaged in fraudulent acts was unjustified. Case-Laws SEBI Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768546