Principle of double jeopardy not applicable where proceedings investigated by SFIO and SEBI Act were distinct: SAT

COMPANY LAW/SEBI : Proceedings investigated by Serious Fraud Investigation Office (SFIO) under section 212(2) of Companies Act, 2013 are distinct from proceedings investigated by SEBI under Companies Act and SEBI Act, 1992, hence, even though SFIO was looking into complaint under section 212(2) of Companies Act, proceedings could have been initiated by SEBI; principle of double jeopardy would not be applicable

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