https://www.taxtmi.com/caselaws?id=196752 The Tribunal set aside the order against the Lead Manager, finding they acted with due diligence and promptitude in addressing the non-disclosure of a criminal case against the Chairman and Managing Director. SEBI's actions were criticized for penalizing the Lead Manager instead of the actual defaulter. The Lead Manager was exonerated of all charges, and the Enquiry Officer's order was overturned, with no costs awarded. en-us Fri, 30 Jul 2004 00:00:00 +0530 Wed, 13 Dec 2017 15:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196752 The Tribunal set aside the order against the Lead Manager, finding they acted with due diligence and promptitude in addressing the non-disclosure of a criminal case against the Chairman and Managing Director. SEBI's actions were criticized for penalizing the Lead Manager instead of the actual defaulter. The Lead Manager was exonerated of all charges, and the Enquiry Officer's order was overturned, with no costs awarded. Case-Laws Companies Law Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196752