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SEBI provisions doesn’t mandate issuance of separate demand notice before recovery
Case Law Details
- Case Name
- Jaykishor Chaturvedi & Etc. Vs SEBI (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Jaykishor Chaturvedi & Etc. Vs SEBI (Supreme Court of India)
Supreme Court held that the provisions of the SEBI Act or its rules do not mandate the issuance of a separate demand notice before recovery. Thus, adjudication officer’s order which specified payment within 45 days, effectively operates as a notice of demand, rendering any separate demand notice redundant.
Facts- The promoter-directors of M/s. Brijlaxmi Leasing and Finance Limited, a company incorporated under the Companies Act and limited by shares, which is listed on the Bombay Stock Exchange and engaged in ...
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