Supreme Court of India

National Securities Depository Ltd. v. Securities and Exchange Board of India

Neutral citation
Reported as [2017] 4 S.C.R. 901
Bench Pinaki Chandra Ghose and R. F. Nariman JJ.
Decided 7 March 2017

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.

1 Supreme Court bench has cited this judgment.

From the headnote

Securities and Exchange Board of India Act, 1992 - ss. 11(1), 12, 151, l 5M, l 5T, l 5Z and 30 - Whether an administrative circular issued by SEBI u/s. 11 (l) can be challenged in appeal before Securities Appellate Tribunal u/s. l 5T - Held: SEBI is an expert body created by the Act which has administrative, legislative and quasi-judicial functions - Under the Act, Appellate Tribunal is intended to hear appeals only against quasi-judicial orders - Thus, administrative orders such as circulars issued uls. 11 (1), as in the present case, are outside the appellate jurisdiction of the Tribunal -

Where later benches applied it

Of those, 1 referred to

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