Supreme Court of India · 2022-07-11
SECURITIES AND EXCHANGE BOARD OF INDIA vs SHRI SUNIL KRISHNA KHAITAN
- Citation / case number
- SC 2013/25980
- Court
- Supreme Court of India
- Petitioner
- SECURITIES AND EXCHANGE BOARD OF INDIA
- Respondent
- SHRI SUNIL KRISHNA KHAITAN
- Author
- HON'BLE MR. JUSTICE SANJIV KHANNA
- Bench
- HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE SANJIV KHANNA
Judgment text excerpt
The Supreme Court addressed the appeals by the Securities and Exchange Board of India (SEBI) challenging the orders of the Securities Appellate Tribunal regarding the interpretation of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The court examined the powers of SEBI under the regulations and the jurisdiction of the Appellate Tribunal under the Securities and Exchange Board of India Act, 1992. Ultimately, the court upheld the Tribunal's interpretation, affirming its authority in the matter.