https://www.taxtmi.com/caselaws?id=784677 A six-month bar on taking up new assignments as a trustee of an Alternative Investment Fund was found disproportionate where the appellant had already taken remedial steps, including winding up the fund and repaying investors. No prejudice or loss to investors was shown, and the earlier stay had continued throughout. On those facts, the punitive restraint was considered excessive in light of the alleged negligence or inaction, and interference with the impugned order was treated as necessary to meet the ends of justice. The restraint was set aside and the bar on new trustee assignments was treated as having expired. en-us Mon, 05 Jan 2026 00:00:00 +0530 Sat, 10 Jan 2026 08:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784677 A six-month bar on taking up new assignments as a trustee of an Alternative Investment Fund was found disproportionate where the appellant had already taken remedial steps, including winding up the fund and repaying investors. No prejudice or loss to investors was shown, and the earlier stay had continued throughout. On those facts, the punitive restraint was considered excessive in light of the alleged negligence or inaction, and interference with the impugned order was treated as necessary to meet the ends of justice. The restraint was set aside and the bar on new trustee assignments was treated as having expired. Case-Laws SEBI Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784677