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SEBI - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

There should be some shred of evidence to come to a prima-facie ...


Court Finds Lack of Evidence for Prima Facie Case; Restraint Order on Appellants Deemed Harsh and Unjustified.

April 13, 2019

Case Laws     SEBI     AT

There should be some shred of evidence to come to a prima-facie conclusion that the appellants are indulging in unfair trade practices in cornering the market with a manipulative intent to manipulate the price. Passing a restraint order which virtually puts a stoppage on the appellants right to trade based on a needle of suspicion, in our opinion, is harsh and unwarranted.

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