Quasi-judicial authority should disclose material relied upon at adjudication stage: SC

T. Takano Vs Securities and Exchange Board of India (Supreme Court of India) The principal issue was whether an investigation report under Regulation 9 of the PFUTP Regulations must be disclosed to the person to whom a notice to show cause was issued.  It was held that assessee had a right to disclosure of the material relevant to the proceedings initiated against him. However, all information that was relevant to the proceedings must be disclosed in adjudication proceedings. In any event, the language of Regulation 10 made it clear that the Board forms an opinion regarding the violation of ...