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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Supreme Court Dismisses SEBI's Appeal in Securities Market Violation Case Due to Absence of Question of Law. Tribunal's Factual Findings on Advertisements, Manipulation, and Natural Justice Upheld, with Jurisdiction Under Section 15Z of SEBI Act, 1992 Confined to Legal Issues.

The dispute arose from a statutory appeal under Section 15Z of the Securities and Exchange Board of India Act, 1992, filed by SEBI against the Securit...

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Supreme Court: Promotional Trailers Do Not Create Contractual Obligations; No Deficiency in Service or Unfair Trade Practice. Creative Freedom in Art Protects Film Producers from Consumer Claims Regarding Missing Promotional Content.

The Supreme Court addressed whether a promotional trailer creates a contractual obligation or leads to an unfair trade practice under the Consumer Pro...

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Supreme Court Initiates Contempt Proceedings Against Patanjali Ayurved for Misinformation Campaign. Court Cautions Patanjali, Acharya Balkrishna, and Baba Ramdev Over Misleading Claims About Ayurvedic Products.

The Supreme Court of India has initiated suo motu contempt proceedings against Patanjali Ayurved Limited, its Managing Director Acharya Balkrishna, an...

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Bombay High Court Quashes FIR Against Directors in Pan Masala Ban Case — No Offence Under Section 328 IPC. Pan Masala Not a 'Poison' or 'Noxious Substance' Despite Ban Under Prevention of Food Adulteration Act, 1954.

The petitioners, Rajiv Kumar Gupta, Piyush Kumar Gupta, and Satyanarayan Gupta, were directors of Dharampal Satyapal Limited, a company manufacturing ...