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    <title>2014 (8) TMI 1166 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>The Tribunal set aside the penalty imposed on the Appellant under section 15HA of the Securities and Exchange Board of India Act, 1992, due to the Adjudicating Officer&#039;s refusal to consider a previous decision by another Adjudicating Officer of SEBI. Emphasizing the importance of maintaining consistency and judicial discipline, the Tribunal highlighted the necessity of considering past adjudication orders for fairness and uniformity in the securities market regulatory framework. Consequently, the Tribunal directed SEBI to assign the matter to a different Adjudicating Officer for a fresh hearing and decision based on the case&#039;s merits.</description>
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      <description>The Tribunal set aside the penalty imposed on the Appellant under section 15HA of the Securities and Exchange Board of India Act, 1992, due to the Adjudicating Officer&#039;s refusal to consider a previous decision by another Adjudicating Officer of SEBI. Emphasizing the importance of maintaining consistency and judicial discipline, the Tribunal highlighted the necessity of considering past adjudication orders for fairness and uniformity in the securities market regulatory framework. Consequently, the Tribunal directed SEBI to assign the matter to a different Adjudicating Officer for a fresh hearing and decision based on the case&#039;s merits.</description>
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