VIDEOCON INTERNATIONAL LTD. vs SECURITIES AND EXCHANGE BOARD OF INDIA

The Supreme Court examined the powers of the Securities and Exchange Board of India (SEBI) under the SEBI Act, 1992, particularly Sections 11 and 15A to 15HB, which outline the Board's authority to regulate the securities market and impose penalties for various violations. The Court held that SEBI has the statutory power to take necessary actions to protect investors and maintain market integrity, including suspending trading and imposing penalties for non-compliance. The judgment affirmed SEBI's role in enforcing compliance and protecting investor interests in the securities market.