Supreme Court of India · 2022-09-19
SECURITIES AND EXCHANGE BOARD OF INDIA vs ABHIJIT RAJAN
- Citation / case number
- SC 2020/1791
- Court
- Supreme Court of India
- Petitioner
- SECURITIES AND EXCHANGE BOARD OF INDIA
- Respondent
- ABHIJIT RAJAN
- Author
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
- Bench
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN HON'BLE MR. JUSTICE S. ABDUL NAZEER
Judgment text excerpt
The Supreme Court ruled in favor of the Securities and Exchange Board of India (SEBI), reinstating the order for the respondent to disgorge unlawful gains. The court found that the Securities Appellate Tribunal erred in setting aside the SEBI's directive, emphasizing the importance of regulatory compliance in financial markets. The judgment underscores the authority of SEBI in enforcing financial regulations and protecting investor interests.