https://www.taxtmi.com/caselaws?id=781219 AT upheld the impugned findings against the appellant but granted a limited carve-out: the appellant may access the securities market solely to issue fresh equity by preferential allotment to a specified prospective investor and group entities, and may accept a proposed Rs.50 crore loan prior to issuance subject to regulatory approvals and compliance with applicable law. SEBI's restraint preventing the restrained individuals from serving as KMP in other companies for one year remains effective, but continuation of one restrained individual as a director of the appellant was permitted. All other directions stand; penalty may be paid within six weeks. en-us Mon, 06 Oct 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781219 AT upheld the impugned findings against the appellant but granted a limited carve-out: the appellant may access the securities market solely to issue fresh equity by preferential allotment to a specified prospective investor and group entities, and may accept a proposed Rs.50 crore loan prior to issuance subject to regulatory approvals and compliance with applicable law. SEBI's restraint preventing the restrained individuals from serving as KMP in other companies for one year remains effective, but continuation of one restrained individual as a director of the appellant was permitted. All other directions stand; penalty may be paid within six weeks. Case-Laws SEBI Mon, 06 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781219