2018 (11) TMI 1633 - SCH - SEBI

Stay of show cause - appropriatness for the petitioner to give reply to the show cause notices - HELD THAT - We are not inclined to interfere with the order impugned in the special leave petition. The same is, accordingly, dismissed. However, the petitioner will be at liberty to avail of such remedy as may be open, in the event adjudication in the show cause notice is adverse to it.

Summary

The Supreme Court of India dismissed the special leave petition, stating that they are not inclined to interfere with the impugned order. The petitioner can seek remedy if the adjudication in the show cause notice is adverse.