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SEBI's Ex-Parte Interim Orders: Use Only in Extreme Urgency, Current Case Lacks Justification.

The SEBI is empowered to pass an ex-parte interim order only in extreme urgent cases and that such power should be exercised sparingly. In the instant case, we do not find that any extreme urgent situation existed which warranted the respondent to pass an ex-parte interim order. - AT .....

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