M/S. PARAMJIT & CO. vs S.E.B.I.

The Supreme Court set aside the order of suspension passed by the Securities and Exchange Board of India (SEBI), emphasizing that the appellant's appeal should be decided on its merits rather than solely on the basis of the punishment already suffered. The Court remitted the case to the Securities Appellate Tribunal (SAT) for de novo consideration, ensuring that the appellant's rights are preserved. The Court refrained from expressing any opinion on the merits of the case.