Compliance With SEBI Regulations Is Non-Negotiable; Investor Profit No Defence to Regulatory Breach: Supreme Court

In a significant ruling reinforcing the absolute nature of financial regulations, the Supreme Court of India has dismissed the appeals filed by Kotak Mahindra Asset Management Company Limited (Kotak AMC), Kotak Mahindra Trustee Company Limited (Kotak Trustee), and their senior executives, declaring that the regulatory regime governing mutual funds is strictly consequence-neutral. The division bench

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