https://www.taxtmi.com/caselaws?id=782095 A debarment order could not be sustained where the appellant was shown to have become a director only after the deemed public issue, and the alleged default predated his tenure. The show-cause notice was issued in 2024, about 12 years after the relevant event, and the delay in initiating proceedings was treated as inordinate. On these facts, the appellant's connection with the alleged default was not established for the relevant period, so the debarment was quashed and the impugned order was set aside insofar as it applied to him. en-us Wed, 18 Jun 2025 00:00:00 +0530 Mon, 24 Nov 2025 17:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782095 A debarment order could not be sustained where the appellant was shown to have become a director only after the deemed public issue, and the alleged default predated his tenure. The show-cause notice was issued in 2024, about 12 years after the relevant event, and the delay in initiating proceedings was treated as inordinate. On these facts, the appellant's connection with the alleged default was not established for the relevant period, so the debarment was quashed and the impugned order was set aside insofar as it applied to him. Case-Laws SEBI Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782095