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Libord Finance Ltd. ( Now Known As Libord ... vs Sebi on 31 March, 2008

16. Relying on two judgments of this Appellate Tribunal in the matter of M/s. Opee Stock Link Ltd. & Anr. vs. SEBI (Appeal no. 20 of 2009) dated December 30, 2009 and in the matter of Libord Finance Ltd. vs. SEBI (Appeal no. 37 of 2008) dated March 31, 2008 he emphasized that the impugned order is vitiated because of undue delay and by using Sections 11/11B of the SEBI Act as a punishment which is held in the cited orders as illegal and unsustainable.
Securities Appellate Tribunal Cites 6 - Cited by 11 - Full Document

M/S. Opee Stock Link Ltd. & Another vs Sebi on 30 December, 2009

16. Relying on two judgments of this Appellate Tribunal in the matter of M/s. Opee Stock Link Ltd. & Anr. vs. SEBI (Appeal no. 20 of 2009) dated December 30, 2009 and in the matter of Libord Finance Ltd. vs. SEBI (Appeal no. 37 of 2008) dated March 31, 2008 he emphasized that the impugned order is vitiated because of undue delay and by using Sections 11/11B of the SEBI Act as a punishment which is held in the cited orders as illegal and unsustainable.
Securities Appellate Tribunal Cites 6 - Cited by 7 - Full Document
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