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    <title>2025 (11) TMI 1352 - SECURITIES APPELLATE TRIBUNAL, MUMBAI (LB)</title>
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    <description>The Tribunal considered whether SFIO was a necessary party to an appeal concerning SEBI&#039;s order and whether it could be impleaded because of its separate investigation. It noted that SEBI&#039;s impugned order rested on its own investigation under the SEBI Act, while SFIO&#039;s investigation proceeded under a different statutory framework and could, if completed, lead to a report to the Central Government and then prosecution before the designated court. Treating the two investigations as distinct, the Tribunal held that SFIO&#039;s presence was not required for adjudication of the appeal and rejected the impleadment request.</description>
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    <pubDate>Wed, 18 Jun 2025 00:00:00 +0530</pubDate>
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      <title>2025 (11) TMI 1352 - SECURITIES APPELLATE TRIBUNAL, MUMBAI (LB)</title>
      <link>https://www.taxtmi.com/caselaws?id=781884</link>
      <description>The Tribunal considered whether SFIO was a necessary party to an appeal concerning SEBI&#039;s order and whether it could be impleaded because of its separate investigation. It noted that SEBI&#039;s impugned order rested on its own investigation under the SEBI Act, while SFIO&#039;s investigation proceeded under a different statutory framework and could, if completed, lead to a report to the Central Government and then prosecution before the designated court. Treating the two investigations as distinct, the Tribunal held that SFIO&#039;s presence was not required for adjudication of the appeal and rejected the impleadment request.</description>
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