SEBI Can't Pass Multiple Orders On Same Cause Of Action; Res Judicata Principle Applies : Supreme Court

The Supreme Court held that SEBI cannot pass multiple orders on the same cause of action, as the principle of res judicata applies. Res judicata prevents a court or authority from hearing a case that has already been decided. The apex court's decision ensures that SEBI, like other judicial and quasi-judicial bodies, adheres to this fundamental legal principle, preventing repetitive proceedings and ensuring finality in its orders.