https://www.taxtmi.com/caselaws?id=772428 The Securities Appellate Tribunal at Mumbai allowed an appeal by a former MD and CEO of ICICI Bank challenging parallel proceedings by SEBI. The Tribunal held that conducting simultaneous proceedings against both the bank and the appellant on identical facts created unfair disadvantage, as the appellant lacked access to bank documents post-removal while the same adjudicating officer had access to materials from both proceedings, creating bias risk. The Tribunal directed SEBI to provide the appellant copies of show cause notices issued to ICICI Bank and allow inspection of all bank submissions before fixing hearing dates. en-us Fri, 02 May 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772428 The Securities Appellate Tribunal at Mumbai allowed an appeal by a former MD and CEO of ICICI Bank challenging parallel proceedings by SEBI. The Tribunal held that conducting simultaneous proceedings against both the bank and the appellant on identical facts created unfair disadvantage, as the appellant lacked access to bank documents post-removal while the same adjudicating officer had access to materials from both proceedings, creating bias risk. The Tribunal directed SEBI to provide the appellant copies of show cause notices issued to ICICI Bank and allow inspection of all bank submissions before fixing hearing dates. Case-Laws SEBI Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772428