SEBI cannot claim exemption from the applicability of the principle of res judicata

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• Securities and Exchange Board of India v. Ram Kishori Gupta & Anr.
  2025 INSC 4547 April 2025Disposed of

  Whether SEBI can pass multiple final orders on the same cause of action; applicability of principles of res judicata/constructive res judicata; whether the Appellate Tribunal was justified in setting aside the 2018 disgorgement…