T. TAKANO vs SECURITIES AND EXCHANGE BOARD OF INDIA

The Supreme Court addressed the appeal against the Bombay High Court's dismissal of a petition challenging a show cause notice issued by SEBI for alleged violations of the Prohibition of Fraudulent and Unfair Trade Practices Regulations. The court examined the duty to disclose investigative material and the exceptions to this duty. Ultimately, the court upheld the High Court's decision, reinforcing the regulatory framework governing SEBI's actions.