Justice Sanjay Kumar and Justice K.V. Viswanathan on SEBI Overreach in VCL Disgorgement Case
It was decided by the Supreme Court that SEBI could not reopen a matter that had already been resolved in order to impose new sanctions on the same entities. In the context of securities law, it used the principle of res judicata and stressed the significance of finality in judicial and quasi-judicial rulings.