https://www.taxtmi.com/caselaws?id=284685 The Tribunal set aside SEBI's orders restraining fund mobilizing activities and directing refund with interest, ruling in favor of the appellant. The Tribunal found that the appellant was not an "officer in default" under Section 73(2) of the Companies Act, as she was not involved in the company's management or financial benefits. Citing relevant provisions and precedents, the Tribunal concluded that the appellant was not liable for refund, as she was not designated as an officer in default and lacked evidence linking her to the non-compliance. The appeal was allowed, and no costs were awarded. en-us Thu, 14 Feb 2019 00:00:00 +0530 Wed, 04 Dec 2019 10:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284685 The Tribunal set aside SEBI's orders restraining fund mobilizing activities and directing refund with interest, ruling in favor of the appellant. The Tribunal found that the appellant was not an "officer in default" under Section 73(2) of the Companies Act, as she was not involved in the company's management or financial benefits. Citing relevant provisions and precedents, the Tribunal concluded that the appellant was not liable for refund, as she was not designated as an officer in default and lacked evidence linking her to the non-compliance. The appeal was allowed, and no costs were awarded. Case-Laws SEBI Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284685