Mere upload of order on SEBI website not amounts to service of order: SAT

Dr. Prannoy Roy & Ors. Vs SEBI (SAT) it is essential for SEBI to supply a copy of the impugned order to the aggrieved party, namely, the appellants. An adjudication proceeding had been initiated by SEBI by issuance of the show cause notice. The appellants thus have the first right to be supplied a copy of the impugned order from SEBI. It is the onerous duty of SEBI to supply a copy of the impugned order to them so that the directions are made effective. In the instant case, we find that the whole world knows about the impugned order except the appellants. Till date they have not been suppl...