https://www.taxtmi.com/caselaws?id=796781 Acceptance of a regulatory order rendering non-convertible debentures void prevents the concerned party from later dealing in those instruments through third-party companies. Having expressly accepted the order and confined its request to time for repayment and reduced interest, the party was required to repay from its own resources and could not adopt a contrary position by transacting in void NCDs. An order of a SEBI adjudicating authority or whole-time member does not bind the Tribunal as precedent. The QJA order relied upon was therefore non-binding and immaterial to the inconsistent conduct following acceptance of the invalidating order. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796781 Acceptance of a regulatory order rendering non-convertible debentures void prevents the concerned party from later dealing in those instruments through third-party companies. Having expressly accepted the order and confined its request to time for repayment and reduced interest, the party was required to repay from its own resources and could not adopt a contrary position by transacting in void NCDs. An order of a SEBI adjudicating authority or whole-time member does not bind the Tribunal as precedent. The QJA order relied upon was therefore non-binding and immaterial to the inconsistent conduct following acceptance of the invalidating order. Case-Laws SEBI Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796781