DKG BUILDCON PRIVATE LIMITED vs THE ADJUDICATING AND ENQUIRY OFFICER, SEBI

The Supreme Court addressed two civil appeals concerning the Securities and Exchange Board of India (SEBI) investigations into alleged manipulation of share prices of Shonkh Technology International Ltd. The court examined the applicability of SEBI regulations and the evidence presented regarding the trading activities of the appellants. Ultimately, the court upheld the findings of the Securities Appellate Tribunal, affirming the regulatory actions taken by SEBI against the appellants for engaging in fraudulent trading practices.