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Casting aspersion made against SEBI was not warranted; SC asks SAT to dilute adverse observations made against SEBI

January 29, 2020[2020] 113 539 (SC)

COMPANY LAW/SEBI ACT : Supreme Court asks Securities Appellate Tribunal to dilute adverse observations made against SEBI in its order dated 14-11-2019 in Ashok Dayabhai Shah v. Securities and Exchange Board of India [2019] 111 290 (SAT - Mumbai) on ground that though there may be some remiss on part of SEBI to act as regulator, but casting aspersion was not warranted in facts and circumstances of case

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