0719-2021 Yatin Pandya HUF vs SEBI
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Pharmaceuticals, Madras and Others, [AIR (1989) SC 1771] held that in the absence of any period of limitation, the authority is required to exercise its powers within a reasonable period. What would be the reasonable period would depend on the facts of each case and that no hard and fast rule can be laid down in this regard as the determination of this question would depend on the facts of each case. This proposition of law has been consistently reiterated by the Supreme Court in Bhavnagar University v. Palitana Sugar Mill (2004) Vol.12 SCC 670, State of Punjab vs. Bhatinda Distri
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Date of Hearing : 02.03.2022 Date of Decision : 24.03.2022
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Source: SecMarx — 0719-2021 Yatin Pandya HUF vs SEBI. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.