Supreme Court of India
Sahara India Real Estate Corporation Limited & Ors. v. Securities and Exchange Board of India & Anr.
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.
3 Supreme Court benches have cited this judgment.
What the Court ordered
In view of the above, the Securities and Exchange D Board of India (Amendment) Ordinance, 2002 (6 of 2002) was promulgated on the 29th October, 2002 to amend the Securities and Exchange Board of India Act, 1992.
Judgment, page 223
From the headnote
Companies Act, 1956 - s. 55A - Allegation of pre- c planned attempt to bypass the regulatory (and administrative) authority of SEBI - Invitation to subscribe to Optionally Fully Convertible Debentures (OFCDs) - Inquiries made by the Investigating Authority - Powers of the Securities and Exchange Board of India ('SEBI? u/s.55A(b) of the Companies 0 Act to administer various provisions relating to issue and transfer of securities to the public by listed companies or companies which intend to get their securities fisted on any recognized stock exchange in India - Discussed. Companies Act, 1956 -
Authorities it was built on
- 1985 S. Sundaram Pillai, Etc. v. V.R. Pattabiraman Etc.
- 1985 Life Insurance Corporation of India v. Escorts Ltd, & Ors.
- 1991 Delhi Judicial Service Association Tis Hazari Court, Delhi Etc. Etc. v. State of Gujarat and Ors. Etc. Etc.
- 2009 Sudhir Shantilal Mehta v. C.B.I.
- 1995 Hindustan Lever Ltd. v. Ashok Vishnu Kate and Ors.
- 1970 Union of India v. Allied International Products Ltd. & Anr.
- 2010 Naresh K. Aggarwala and Co. v. Canbank Financial Services Ltd. and Anr.
- 1992 Raymond Synthetics Ltd. and Ors. v. Union of India and Ors.
Where later benches applied it
- 2023 Ifb Agro Industries Limited v. Sicgil India Limited and Others
- 2021 Prakash Gupta v. Securities and Exchange Board of India
- 2013 Arun Kumar Agrawal v. Union of India & Ors.
Of those, 3 referred to
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