Buyback Fraud: SAT's Take on Compliance Officer’s Liability

SAT’s Take on Compliance Officer’s Liability

This decision overturned an earlier order by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI), who had determined that the appellant misled investors by signing the buyback announcement. We now examine the background of the case and the significance of the Tribunal’s ruling. Brief Background In this case, the appellant…

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Rent Assessment Orders Passed By Estate Officers Are Appealable Under J&K Public Premises Act, Writ Petitions Not Maintainable: High Court

Rent Assessment Orders Passed By Estate Officers Are Appealable Under J&K Public Premises Act, Writ Petitions Not Maintainable: High Court

Reinforcing the legal principle that statutory remedies must be exhausted before invoking constitutional jurisdiction, the High Court of Jammu and Kashmir and Ladakh held that orders passed under Section 10 of the J&K Public Premises (Eviction of Unauthorized Occupants) Act, 1988, are appealable under Section 12 of the same Act. Accordingly, the bench comprising Justice…

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