Supreme Court of India

Securities and Exchange Board of India v. Panasia Advisors Ltd. & Anr.

Neutral citation
Reported as [2015] 11 S.C.R. 90
Bench Fakkir Mohamed Ibrahim Kalifulla and Shiva Kirti Singh JJ.
Decided 6 July 2015

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.

From the headnote

c Securities and Exchange Board of India Act, 1992: ss.2(2), 11(1), 11(2), 11(4), 118, 12A-PowerofSEBlto probe GDRs sold by Indian Companies backed by local shares to foreign investors and listed on overseas exchange - Respondents lead managers dealt with the Global Depository Receipts (GDRs) issued by six companies - Allegation that GDRs fictitiously created at global level by respondent to give false. appearance to the financial statement of the companies in order to mislead Indian investors - SEBI debarring the respondents for a period of 10 years prohibiting respondents from accessing the

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