Supreme Court Upholds SEBI’s Power to Levy Interest from Adjudication
In a historic judgment on 15 July 2025, the Supreme Court made clear that SEBI is able to charge interest on fines from the date of elapse of the payment period in the order of adjudication itself. The Court rejected the necessity of a separate demand notice and held that interest liability arises automatically upon default, based on substantive law and the doctrine of legislation by reference.