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IBC Sections 14 & 238 Override SEBI Act Section 28A, But SEBI Can Act on Fraud by Corporate Debtor's Executives.

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....Interpretation of Statute - it is concluded that Section 14 and Section 238 of IBC 2016 has an overriding effect on Section 28A of SEBI Act. - SEBI is not barred from taking any action as it may deem fit, against the directors, shareholders and key management personnel of the Corporate Debtor for their fraudulent acts. - Tri....

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