Abstract FinTech and digital payments have become central to India’s economic transformation, enabling rapid financial…

“Cash Flows Like Sand, But Section 269ST Holds Tight, Curbing Black Money, Shining India’s Light…

The global financial crisis—widely regarded as the most severe economic downturn since the 1930s Great…

Section 14 of The IBC,2016 Moratorium, Imposes a stay on legal proceedings against a corporate debtor undergoing insolvency, protecting its assets. Whereas section 138 of NI Act, Cheque Dishonour Makes cheque bounce a criminal offense if issued without sufficient funds, allowing legal action against the issuer.

This project explores the concept of disgorgement and its utilisation by the Securities and Exchange Board of India (“SEBI”). The research and analysis done through this research project reveals that SEBI’s rationale for employing disgorgement is based on its ‘equitable’ and ‘remedial’ authority, aiming to recover ill-gotten gains from wrongdoers and restore the situation to its original state. However, this differs from disgorgement practices elsewhere, which aim to strip wrongdoers of their gains without necessarily restoring the status quo.

The author observes that SEBI’s disgorgement orders do not consistently align with its stated justification, as none of the orders of the SEBI, till now, actually return the wrongdoer to their original position. Moreover, disgorgement decisions are made at the discretion of whole-time members (“WTMs”), who hold executive authority within the government. This exercise of public power without clear legislative or judicial boundaries raises significant concerns regarding regulatory governance.

Complicating matters further is the destination of disgorgement proceeds, which are directed to the Investor Protection and Education Fund controlled by the SEBI, unlike penalties that contribute to the Consolidated Fund of India. The findings suggest that SEBI needs to reassess how it conceptualises disgorgement, its underlying objectives, and the procedures governing its application. This analysis of disgorgement has implications beyond India and is pertinent to similar discussions in other jurisdictions, including the United States.

Introduction In the architecture of modern corporate governance in India, independent and non-executive directors occupy…

Introduction When Substantial Justice is pitted against Technicalities, Courts sometimes throttle Justice in the name…

In India, the power of police to freeze bank accounts during criminal investigations has long…

Dishonour of a cheque is an important part of banking law. It affects trust in…

The Reserve Bank of India Act, 1934 is the cornerstone of India’s monetary and banking…

The banking sector is the backbone of India’s financial system. It supports economic growth by…

Cheque Credibility And Legal Consequences “A cheque is as good as cash, but only if…

In business, credit is very important. People often use cheques, promissory notes, or bills of…

Human Intervention in Digital Grievance Redressal: Delhi High Court’s Landmark Ruling In a landmark decision…

Abstract This article distills a modern public debate between Marxian economist Richard D. Wolff and…

Introduction In the labyrinth of financial transactions, the cheque remains a cornerstone of commercial trust…

Introduction In a significant judgment delivered on November 26, 2025, by the High Court of…

Introduction The Insolvency and Bankruptcy Code of 2016 (hereinafter referred to as “IBC”) has transformed…

India’s cross-border investment regime has evolved into a structured blend of liberalised FDI policies, national-security controls, and sector-specific regulations. This article breaks down the key legal rules under FEMA, sectoral caps, approval routes, tax considerations, and compliance requirements that global investors must navigate before entering the Indian market.

Abstract The technological transformation of customs administration marks a defining shift in how nations manage…