0157-2022 Vijay Devnani vs SEBI and Others
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Full text
(1) The Exchange shall act in accordance with the circulars issued by SEBI from time to time with respect to Standard Operating Procedure in cases of Trading Member leading to default. (2) In accordance with the Circular(s) issued by SEBI under the above Byelaw, the Exchange shall issue instructions to the bank(s) concerned to freeze the bank account(s) maintained by a Trading Member, for all debits / withdrawal by the Trading Member in the event of potential default by such a Trading Member in meeting its obligations to a recognized stock exchange / Clearing Member /
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI Date of Hearing : 10.07.2023 Date of Decision : 17.07.2023
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Source: SecMarx — 0157-2022 Vijay Devnani vs SEBI and Others. 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.