https://www.taxtmi.com/caselaws?id=292851 The Tribunal upheld violations of Clauses 36 and 50 of the Listing Agreement and related accounting standards but reduced penalties due to partial disclosures and procedural delays. Penalties on Appellant No. 1 were reduced from Rs. 20 lakh to Rs. 10 lakh, and on Appellant Nos. 2 and 3 from Rs. 5 lakh each to Rs. 3 lakh each, totaling Rs. 16 lakh. The appellants were directed to pay the reduced penalty within four weeks. The appeal was partly allowed with no costs awarded, and Misc. Application No. 649 of 2019 was disposed of as infructuous. en-us Tue, 17 Mar 2020 00:00:00 +0530 Sat, 09 Jan 2021 20:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292851 The Tribunal upheld violations of Clauses 36 and 50 of the Listing Agreement and related accounting standards but reduced penalties due to partial disclosures and procedural delays. Penalties on Appellant No. 1 were reduced from Rs. 20 lakh to Rs. 10 lakh, and on Appellant Nos. 2 and 3 from Rs. 5 lakh each to Rs. 3 lakh each, totaling Rs. 16 lakh. The appellants were directed to pay the reduced penalty within four weeks. The appeal was partly allowed with no costs awarded, and Misc. Application No. 649 of 2019 was disposed of as infructuous. Case-Laws SEBI Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292851