๐๐จ๐ซ๐ ๐๐๐๐ ๐๐ซ๐๐๐ซ๐ฌ ๐ ๐๐ข๐ฅ ๐ญ๐จ ๐๐ข๐ญ๐ก๐ฌ๐ญ๐๐ง๐ ๐๐๐ ๐๐๐ฏ๐ข๐๐ฐ
The Securities Appellate Tribunal (SAT) set aside 47 orders passed by the Securities and Exchange Board of India (SEBI) in 2025-26, more than double the 23 appeals it allowed the previous year. The number of orders modified by the Tribunal also more than doubled, to 88 from 42, according to SEBIโs Annual Report.
In this context, Mr. Sumit Agrawal, Founder and Managing Partner, Regstreet Law Advisors, was quoted by businessline in its article titled โ๐๐๐ ๐ฐ๐ท๐ฆ๐ณ๐ต๐ถ๐ณ๐ฏ๐ด ๐ฎ๐ฐ๐ณ๐ฆ ๐๐๐๐ ๐ฐ๐ณ๐ฅ๐ฆ๐ณ๐ด ๐ช๐ฏ ๐๐ 26, ๐ฎ๐ฐ๐ฅ๐ช๐ง๐ช๐ฆ๐ฅ ๐ฐ๐ณ๐ฅ๐ฆ๐ณ๐ด ๐ข๐ญ๐ด๐ฐ ๐ฅ๐ฐ๐ถ๐ฃ๐ญ๐ฆโ.
He is of the view that SAT is more likely to intervene on the nature and extent of a penalty, or on procedural aspects of an order, than on the underlying finding of a violation itself.
According to Mr. Sumit Agrawal, in most cases the regulatorโs core conclusion is upheld, but the punishment or the reasoning supporting it is refined or recalibrated.
Read the full article at https://lnkd.in/dGpW8rAh
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