22/4/2025, 2:28:03 pm

MC Explains: Will recent SC order in pump and dump case clip SEBI's wings?

The Supreme Court ruled that SEBI cannot reopen cases after passing final orders, citing the res judicata principle. This requires SEBI to ensure comprehensive initial orders, potentially slowing investigations. Legal experts note this promotes legal certainty but limits SEBI's ability to address omissions like disgorgement, affecting investor compensation and regulatory efficiency.