Debarring Co. from accessing market by passing of ex-parte order on basis of media reports couldn’t be sustained: SAT

COMPANY LAW: Where SEBI passed ex parte ad interim order restraining company and its officials from accessing securities market on basis of media reports regarding siphoning of funds by said company and not on basis of any evidence, continuation of an ex parte interim order restraining appellants could not be sustained

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191612/debarring-co-from-accessing-market-by-passing-of-ex-parte-order-on-basis-of-media-reports-couldn’t-be-sustained-sat.aspx