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    <title>2013 (11) TMI 631 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>Penalty under the insider trading regulations could not be sustained where the adjudicating officer relied on material not supplied to the appellant during the show-cause or adjudication process. Denial of the NSE e-mail and related documents deprived the appellant of a fair opportunity to meet the case and violated natural justice, vitiating the adjudication. The SAT set aside the impugned order and remanded the matter for fresh consideration after furnishing the documents, obtaining a reply, and granting a reasonable hearing.</description>
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      <link>https://www.taxtmi.com/caselaws?id=239454</link>
      <description>Penalty under the insider trading regulations could not be sustained where the adjudicating officer relied on material not supplied to the appellant during the show-cause or adjudication process. Denial of the NSE e-mail and related documents deprived the appellant of a fair opportunity to meet the case and violated natural justice, vitiating the adjudication. The SAT set aside the impugned order and remanded the matter for fresh consideration after furnishing the documents, obtaining a reply, and granting a reasonable hearing.</description>
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      <pubDate>Wed, 26 Jun 2013 00:00:00 +0530</pubDate>
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