Supreme Court of India

S.e.b.i v. Saikala Associates Ltd.

Neutral citation
Reported as [2009] 6 S.C.R. 798
Bench Dr. Arijit Pasayat and Lokeshwar Singh Panta JJ.
Decided 21 April 2009

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

2 Supreme Court benches have cited this judgment.

From the headnote

Securities and Exchange Board of India Act, 1992 - ss. c 12(1) and 15T(4) - Power of Securities Appellate Tribunal - To modify penalty imposed by SEBI - Penalty of suspension of cerlificate of registration by SEBI for violation of s. 12(1) rl w r.3of1992 Rules - Modification of, to monetary penalty by the Tribunal - Held: Tribunal was not right in modifying the penalty · - The statute provides penalty only of suspension .. or cancellation of cerlificate of registrat'on - Tribunal being a statutory body could not have travelled beyond the scope of the statute taking shelter under a

Where later benches applied it

Of those, 2 referred to

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