Rulings
SAT: Quashes SEBI order debarring Non-executive Director, absent involvement in fraudulent GDR issue
SEBI: Cannot proceed with adjudication for GDR issue violations against company under liquidation
SEBI: Penalizes Directors for diverting IPO proceeds, making manipulative disclosures in prospectus
SEBI: Penalizes stock broker for misutilizing client funds, dismisses ‘double jeopardy’ defence
SEBI: Debars Prannoy Roy for insider trading during NDTV 're-organisation' discussion, rejects 'hostile takeover' threat defence
SEBI: Vacates restraint order against fraudulently appointed Directors, absent role in Company’s management
SEBI: Confirms ban on Karvy for misuse of client securities, cites “admission of wrongdoings”
SEBI: Penalizes Raymond for failing to obtain approval for RPTs, violating corporate governance norms
SAT: Upholds bar on “mastermind” MD, other Directors for hoisting fraudulent IPO
SEBI: Special-resolution mandatory for paying remuneration exceeding 5% of net-profits to Executive Promoter-Directors
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