SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay

SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay https://www.taxtmi.com/news?id=73762 Securities enforcement proceedings over intra-group flat sale transactions led the Supreme Court to refuse a stay of the SAT order that had set aside SEBI's earlier directions against Bombay Dyeing and certain promoter-group individuals. The Court nevertheless stated that the SAT's 2:1 split verdict will not operate as a precedent in similar matters. The dispute centres on 11 memoranda of understanding between group companies, with SEBI raising issues of associate company status, lifting the corporate veil, the single economic entity principle, and alleged accounting mismatch concerning sale proceeds and agency commission. en-us Mon, 13 Jul 2026 15:16:04 +0530 Mon, 13 Jul 2026 15:16:04 +0530 TaxTMI RSS Generator SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay https://www.taxtmi.com/news?id=73762 Securities enforcement proceedings over intra-group flat sale transactions led the Supreme Court to refuse a stay of the SAT order that had set aside SEBI's earlier directions against Bombay Dyeing and certain promoter-group individuals. The Court nevertheless stated that the SAT's 2:1 split verdict will not operate as a precedent in similar matters. The dispute centres on 11 memoranda of understanding between group companies, with SEBI raising issues of associate company status, lifting the corporate veil, the single economic entity principle, and alleged accounting mismatch concerning sale proceeds and agency commission. News - Mon, 13 Jul 2026 15:16:04 +0530 https://www.taxtmi.com/news?id=73762