SEBI Cannot Reopen Proceedings Without Sufficient Grounds as Principle of Res Judicata Applies: Supreme Court
The Supreme Court of India delivered a significant ruling on April 7, 2025, affirming that the Securities and Exchange Board of India (SEBI) cannot reopen concluded proceedings without valid grounds. The Court applied the principle of res judicata, meaning that once an issue has been conclusively resolved, it cannot be re-litigated. This decision came after SEBI sought to impose additional penalties on VCL, a publicly listed company, four years after…
