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The Chairman, Sebi vs Shriram Mutual Fund & Anr on 23 May, 2006

12. Reliance placed on decision of Apex Court in case of Hindustan Steel Ltd. (supra) is misplaced because Apex Court in case of Chairman SEBI vs. Shriram Mutual Fund and Anr. reported in 2006 SC 2287 had held that decision in case of Hindustan Steel Ltd. (supra) relating to criminal/quasi criminal proceedings would not apply to imposition of civil liabilities under SEBI Act and Regulations made thereunder.
Supreme Court of India Cites 28 - Cited by 163 - A R Lakshmanan - Full Document
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