https://www.taxtmi.com/caselaws?id=171278 The Tribunal upheld the penalty imposed under the SEBI Act, 1992 for violations of Sections 15C and 15HB, emphasizing the importance of timely resolution of investors' grievances for market regulation. Despite the appellant's argument of being a sick company under the Sick Industrial Companies Act, 1985, and poor financial health, the penalty was maintained. The decision highlighted compliance with due procedure in the inquiry and penalty imposition, affirming the legal provisions of the SEBI Act. The appeal was dismissed as no grounds for interference with the penalty were found, even in terms of proportionality. en-us Wed, 11 Jun 2014 00:00:00 +0530 Mon, 13 Jul 2015 15:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171278 The Tribunal upheld the penalty imposed under the SEBI Act, 1992 for violations of Sections 15C and 15HB, emphasizing the importance of timely resolution of investors' grievances for market regulation. Despite the appellant's argument of being a sick company under the Sick Industrial Companies Act, 1985, and poor financial health, the penalty was maintained. The decision highlighted compliance with due procedure in the inquiry and penalty imposition, affirming the legal provisions of the SEBI Act. The appeal was dismissed as no grounds for interference with the penalty were found, even in terms of proportionality. Case-Laws Companies Law Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171278