https://www.taxtmi.com/caselaws?id=380444 The Securities Appellate Tribunal partially allowed the appeal challenging penalties imposed under the SEBI Act, 1992. The Tribunal found no disproportionate gain or loss to investors, noted the technical breach was promptly rectified, and reduced the penalty to &8377;30 lakh from the original amount, emphasizing equitable outcomes and discretionary powers to prevent miscarriage of justice. The appellants were required to pay the reduced penalty within six weeks, highlighting the balance between regulatory compliance and fairness in penalty imposition. en-us Wed, 15 May 2019 00:00:00 +0530 Wed, 22 May 2019 07:03:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380444 The Securities Appellate Tribunal partially allowed the appeal challenging penalties imposed under the SEBI Act, 1992. The Tribunal found no disproportionate gain or loss to investors, noted the technical breach was promptly rectified, and reduced the penalty to &8377;30 lakh from the original amount, emphasizing equitable outcomes and discretionary powers to prevent miscarriage of justice. The appellants were required to pay the reduced penalty within six weeks, highlighting the balance between regulatory compliance and fairness in penalty imposition. Case-Laws SEBI Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380444