SEBI Cannot Reopen Case to Pass Fresh Order on Same Cause After Finality Directions: Supreme Court

The Supreme Court has ruled that the Securities and Exchange Board of India (SEBI) cannot reopen a concluded proceeding to pass a fresh order on the same cause of action after its earlier decision has attained finality. A Bench comprising Justice Sanjay Kumar and Justice K.V. Viswanathan delivered the judgment in Civil Appeal No. 7941

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