Supreme Court of India

Securities and Exchange Board of India v. Ajay Agarwal

Neutral citation

Reported as [2010] 3 S.C.R. 70

Bench G.S. Singhvi and Asok Kumar Ganguly JJ.

Decided 25 February 2010

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.

7 Supreme Court benches have cited this judgment.

What the Court ordered

For the reasons discussed above, this Court is constrained ·to quash the order of the Appellate Tribunal and upholds the order of the Chairman of the Board. c.

Judgment, page 21

From the headnote

Securities and Exchange Board of India Act, 1992 - Enactment of - Purpose - Held: The Act was enacted to achieve the twin purposes of promoting orderly and healthy growth of securities market and for protecting the interest of investors - The Act is pre-eminently a social welfare legislation. Securities and Exchange Board of India Act, 1992: s. 11 - Amendment of - Done on several occasions - To keep pace with "felt necessities of time" - Amendment made in sub-section (4) of s. 11 in 2002 - Objects and reasons discussed. s. 11 - Introduction of - Vide amendment made in 1995 - Objects and

Authorities it was built on

1996 Director of Enforcement v. M/s M.C.T.M. Corporation Pvt. Ltd. and Ors. cited by 4

Where later benches applied it

2017 Securities and Exchange Board of India v. Classic Credit Ltd. relied on
2025 Confederation of Real Estate Developers Association of India (credai) v. Union of India & Others referred to
2023 Cbi v. R.R. Kishore referred to
2023 P. V. Nidhish & Ors. v. Kerala State Wakf Board & Anr. referred to
2023 Ifb Agro Industries Limited v. Sicgil India Limited and Others referred to
2021 Prakash Gupta v. Securities and Exchange Board of India referred to
2012 Kotak Mahindra Bank Ltd. v. Hindustan National Glass & Ind. Ltd. and Ors. mentioned

Of those, 1 relied on · 5 referred to · 1 mentioned

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