Rulings
HC: Condones delay in NDTV’s settlement applications; Sets aside SEBI’s erroneous orders
SC: Directs NCL to honour F&O segment contracts in IL&FS Securities fraudulent trades case
SAT: SEBI to compensate genuine investors as disgorgement without restitution serves no purpose
SAT: SEBI to reconsider company law violation complaint regarding dividend non-payment
SEBI: Listed Company to submit quarterly/ year-to-date consolidated financial results by including its associates
SAT: Vicarious liability not automatic; Quashes SEBI order making inactive Director responsible for refund
SC: Expunges SAT’s adverse observations; Imposition of costs on SEBI “not warranted”
SAT: Upholds Rs. 2 Cr. penalty on NDTV for non-disclosure of tax demand having “material impact”
SAT: Quashes SEBI’s ‘grossly disproportionate’ penalty for ‘technical’ violation of IPO norms
SAT: Quashes SEBI’s penalty order absent sufficient service of notice; Cites non-use of email