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M/S Alpha (India ) and ors. Vs. Union of India and ors.

Court : Rajasthan Jaipur

..... and to prohibit such persons from being associated with securities market to buy and sell or deal in securities. such an amendment came in 2002.18. perusal of aforesaid paras shows that the sebi act is pre-eminently a social welfare legislation seeking to protect the interests of common men who are small investors. a restrained ..... pre-decisional hearing is better and should always be preferred to post-decisional hearing. we are further aware that it has been stated that apart from laws of men, laws of god also observe the rule of audi alteram partem. it has been stated that the first hearing in human history was given in the garden ..... justice does not exist. the fact, however, remains as to whether post-decisional hearing can be a substitute for pre-decisional hearing. it is a settled law that unless a statutory provision either specifically or by necessary implication excludes the application of principles of natural justice, the requirement of giving reasonable opportunity exists before an .....