SAT sets aside SEBI’s order that restrained appellant from accessing market based only on a prima facie suspicion

COMPANY LAW/SEBI : Where appellants being Key Managerial Persons of company had been involved in large scale diversion and misstatements of funds of company and thereby restrained from accessing securities market, in view of fact that individual role of appellants had not been examined, confirmatory order based on only a prima facie suspicion against appellants was to be set aside

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193301/sat-sets-aside-sebi’s-order-that-restrained-appellant-from-accessing-market-based-only-on-a-prima-facie-suspicion.aspx