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2013 Supreme(Online)(SC) 74

SUPREME COURT
A. K. Ganguli, Sidharth Luthra, Parag P. Tripathi, JJ
PGF Ltd. (M/s. ) and Others v. Union of India and Another


Advocates:
For the Appellants/Petitioners: Mr. A. K. Ganguli, learned senior counsel
For the Respondents: Mr. Sidharth Luthra, learned Additional Solicitor General, Mr. Parag P. Tripathi, learned senior counsel

Table of Content
1. background of the appeal and parties involved. (Para 1 , 2)
2. regulatory actions against pgf limited. (Para 3 , 4)
3. contest over applicability of sebi regulations. (Para 5)
4. challenge to the order and jurisdiction. (Para 6)
5. analysis of validity of sebi act. (Para 7)
6. arguments on classification of investment schemes. (Para 8 , 9 , 10 , 11)
7. discussion on legislative competence. (Para 12 , 13)
8. interpretation of securities in context of sebi. (Para 14 , 15 , 16 , 17)
9. allegations of fraudulent practices by pgf limited. (Para 18 , 19)
10. justification of sebi regulatory authority. (Para 20 , 21 , 22 , 23)
11. detailed examination of pgf documents and agreements. (Para 24 , 25 , 26)
12. considerations on investor protection. (Para 27 , 28)
13. supplementary arguments on legality. (Para 29)
14. guidelines on raising constitutional challenges. (Para 30 , 31 , 32)
15. conclusion on legislative challenges. (Para 33)
16. constitutional validity of section 11aa. (Para 34 , 35)
17. purpose of sebi act in investor protection. (Para 36 , 37)
18. interest of investors in the context of the case. (Para 38 , 39 , 40)
19. justification for the sebi's regulation. (Para 41 , 42)
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