Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
The AT allowed the appeal, holding the impugned monetary penalty order violated principles of natural justice for failure to effect valid service on the appellant. The tribunal found prima facie evidence that a third party (the employer) operated bank and demat accounts and facilitated accommodation entries and manipulative trades, but concluded the appellant was not afforded an opportunity to be heard. The AT therefore set aside the impugned order and remitted the matter to the Regulator with a direction to provide the appellant a fresh, lawful opportunity of hearing before passing any fresh adjudicatory order under the PFUTP Regulations.
The AT allowed the appeal, holding the impugned monetary penalty order violated principles of natural justice for failure to effect valid service on the appellant. The tribunal found prima facie evidence that a third party (the employer) operated bank and demat accounts and facilitated accommodation entries and manipulative trades, but concluded the appellant was not afforded an opportunity to be heard. The AT therefore set aside the impugned order and remitted the matter to the Regulator with a direction to provide the appellant a fresh, lawful opportunity of hearing before passing any fresh adjudicatory order under the PFUTP Regulations.
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