https://www.taxtmi.com/caselaws?id=396421 The Appellate Tribunal ruled in favor of the appellants in a case challenging penalties imposed by SEBI for violating regulations related to fraudulent practices in the securities market. The tribunal found that the inordinate delay of seven years in issuing the show cause notice prejudiced the appellants, leading to the quashing of the penalties imposed. The delay issue was collectively applicable to all appellants, and the tribunal decided against penalty imposition due to the unreasonable delay in the proceedings. en-us Fri, 31 Jan 2020 00:00:00 +0530 Sat, 04 Jul 2020 10:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396421 The Appellate Tribunal ruled in favor of the appellants in a case challenging penalties imposed by SEBI for violating regulations related to fraudulent practices in the securities market. The tribunal found that the inordinate delay of seven years in issuing the show cause notice prejudiced the appellants, leading to the quashing of the penalties imposed. The delay issue was collectively applicable to all appellants, and the tribunal decided against penalty imposition due to the unreasonable delay in the proceedings. Case-Laws SEBI Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396421