said order of this Tribunal the direction
relating to 10 years restraint has attained finality.
7. The learned counsel for the appellants thereafter made ... SEBI Act , SEBI must prove possession of
wrongful gains in the hands of the person
concerned; quantify the amount of the
wrongful gain; and then
directed that the appellant V. Srinivas will
8
disgorge the wrongful gains amounting to Rs. 15,65,97,987/- and the
appellant G. Ramakrishna ... restraint order of 14 years has
been passed without any application of mind. No reason has been
given and, in any case, the restraint order
appellants
that of diverting funds from appellant no. 1 and in wrongly
applying facets of related party / related party transactions
contrary to the provisions relating ... SEBI, Appeal No.
80 of 2019, submitted that continuation of the restraint order
is adversely affecting the appellant from pursuing its
profession having substantial
regard, we are of the opinion that on
mere ipse dixit the restraint order cannot be allowed to
continue any further on the ground that ... they may not be aware of the day to day
functioning and wrong doings of GSL in connection
with the misappropriation of client‟s securities
months from September 23, 2017 till
November 15, 2017, the restraint order was in operation. Even after,
quashing the said order by this Appellate Tribunal ... director of the company
and was not a promoter though he was wrongly disclosed as a promoter in
some of the documents filed
North End Foods Marketing Pvt. Ltd. & ... vs Sebi on 12 March, 2019
Author: Tarun
Price Waterhouse & Co. And Ors. vs Sebi on 9 September, 2019
Author: Tarun Agarwala
M/S. Padma Impex Private Limited vs Sebi on 27 September, 2019
Author: Tarun Agarwala
B. Hariharan vs Sebi on 6 April, 2021
Author: Tarun Agarwala
Bench: Tarun Agarwala
BEFORE
Rohitkumar Premkumar Gupta vs Sebi on 2 August, 2021
Author: Tarun Agarwala
Bench: Tarun Agarwala
