Supreme Court of India
T. Takano 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.
8 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that all such documents relied on by the authority are required to be furnished to the noticee enabling him to show a proper cause as to why an inquiry should not be held against him though the Rules do not provide for the same.
Judgment, page 29
From the headnote
Securities and Exchange Board of India Act 1992 (SEBI) – ss. 11(1), 11(4), 11B, 11B(1), 11B(2), 11C and 15HA – SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulatio ns 2003 (PFUTP Regulations) – Regn. 3(b), 3(c), 3(d), 4 (1), 4(2)(e), 4(2)(k), 5, 6, 9, 10, 11 and 12 – Regn. 6 – Disclosure of investigation report – Appellant was employed as MD and CEO in a public li sted company – Show cause notice issued to the appellant for v iolation of the provisions of the SEBI Act, SCRA and PFUTP Regulation s – Show cause notice specifically relied upon the repo rt of the investigation
Authorities it was built on
- 1969 A. K. Kraipak & Ors. Etc. v. Union Of. India & Ors.
- 1993 Managing Director, Ecil, Hyderabad Etc. Etc. v. B. Karunakar and Ors. Etc. Etc.
- 1996 State Bank of Patiala and Ors. v. S.K. Sharma
- 1990 Union of India and Ors. v. Mohd. Ramzan Khan
- 1974 Khudiram Das v. The State of West Bengal & Ors.
- 2010 Kanwar Natwar Singh v. Directorate of Enforcement & Anr
- 1987 Chandrama Tewari v. Union of India, through General Manager, Eastern Railways
- 2008 Kothari Filaments & Anr. v. Commissioner of Customs (port) Kolkata & Ors.
Where later benches applied it
- 2025 M/s Triveni Engineering and Industries Ltd. v. State of Uttar Pradesh & Ors.
- 2025 State of Uttar Pradesh through Principal Secretary, Department of Panchayati Raj, Lucknow v. Ram Prakash Singh
- 2023 Union of India and Another v. Deloitte Haskins and Sells Llp & Anr
- 2023 Deepak Ananda Patil v. The State of Maharashtra & Ors
- 2022 Cdr Amit Kumar Sharma Etc v. Union of India & Ors Etc
- 2022 Kavi Arora v. Securities & Exchange Board of India
- 2022 Reliance Industries Limited v. Securities and Exchange Board of India & Ors.
- 2022 Securities and Exchange Board of India v. Mega Corporation Limited
Of those, 2 referred to · 6 mentioned
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.