Topic

Regulatory Enforcement

5 articlesLatest June 2026
13-Year Delay in Serving SEBI Order Violates Natural Justice | Ex-Parte Penalty Set Aside for Abuse of Process : SAT
Case Law Analysis
|Securities Appellate Tribunal

13-Year Delay in Serving SEBI Order Violates Natural Justice | Ex-Parte Penalty Set Aside for Abuse of Process : SAT

The Securities Appellate Tribunal invalidated SEBI’s 2010 ex-parte penalty after a 13-year failure to serve the show-cause notice, ruling that prolonged inaction amounts to abuse of process and denies the accused a meaningful hearing. This sets a critical precedent for regulatory bodies: indefinite delays in service nullify enforcement actions, regardless of alleged misconduct, reinforcing that procedural fairness is non-negotiable in securities law.

PIL Standing Requires Geographic & Personal Nexus | Social Worker Status Alone Insufficient for Locus Standi : Allahabad HC
Case Law Analysis
|Allahabad High Court

PIL Standing Requires Geographic & Personal Nexus | Social Worker Status Alone Insufficient for Locus Standi : Allahabad HC

The Allahabad High Court dismissed a PIL challenging a brick-kiln’s operation in a different village, ruling that claiming social work as an occupation does not confer standing without demonstrating direct harm or legitimate connection to the issue. This sets a clear boundary against opportunistic PILs, reinforcing that public interest litigation must be rooted in genuine stakeholder interest, not generic activism.