Supreme Court Judgment Reverses SAT Order on Preferential Allotment Diversion and SEBI Regulations
The Supreme Court of India passed the order in Civil Appeal Nos. 5209 to 5211 of 2022 on 17 March 2026, resolving a critical dispute between the Securities and Exchange Board of India and Terrascope Ventures Limited. The comprehensive ruling, clarifies the severe limitations of shareholder power in ratifying corporate illegality under modern securities law. […]