Case Law Analysis
SEBI Debarment Does Not Bar Asset Liquidation for Disgorgement Compliance : SAT Allows Senior Citizen to Sell Securities to Meet Penalty
The Securities Appellate Tribunal permitted a 73-year-old appellant to sell securities from her demat account to fulfill SEBI-imposed disgorgement and penalty obligations, clarifying that debarment from market access does not prohibit asset liquidation for regulatory compliance. This ruling sets a precedent for senior citizens and individuals facing financial hardship under SEBI enforcement actions.