https://www.taxtmi.com/caselaws?id=781569 The SAT (LB) allowed the appeal, holding the impugned SEBI order-alleging circular trading, reversal trades and violations of SEBI (PFUTP) Regulations-was vitiated by breach of natural justice because the appellant was not properly served and had no opportunity to defend. The tribunal noted prima facie evidence linking the employer to operation of the appellant's bank and demat accounts but directed that SEBI must reconsider the matter after providing the appellant a fresh opportunity of hearing. en-us Thu, 03 Jul 2025 00:00:00 +0530 Tue, 18 Nov 2025 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781569 The SAT (LB) allowed the appeal, holding the impugned SEBI order-alleging circular trading, reversal trades and violations of SEBI (PFUTP) Regulations-was vitiated by breach of natural justice because the appellant was not properly served and had no opportunity to defend. The tribunal noted prima facie evidence linking the employer to operation of the appellant's bank and demat accounts but directed that SEBI must reconsider the matter after providing the appellant a fresh opportunity of hearing. Case-Laws SEBI Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781569