Expansive Interpretation of the Power of SEBI under Section 15-J of the SEBI Act, 1992: Case Comment on Adjudicating Officer(SEBI) v. Bhavesh Pabari

Recently, in Adjudicating Officer (SEBI) v. Bhavesh Pabari, Supreme Court adjudicated the question revolving around the interpretation of Section 15-J of the SEBI Act, 1992 in relation to Section 15-A to Section 15-HA of the Act. Section 15-J elucidates the factors to be taken into account by the Adjudicating officer while adjudging the quantum of…