https://www.taxtmi.com/caselaws?id=302684 The appeals by Chromatic India Limited, Vinod Kumar Kaushik, and Ajay Sethi were dismissed, upholding the penalties imposed. However, the appeals by Vipin Sharma were allowed, and the penalties against him were quashed. The Tribunal stressed the significance of evidence in linking directors to fraudulent activities and maintained the principle of proportionality in penalty imposition. en-us Wed, 12 May 2021 00:00:00 +0530 Sat, 11 Jun 2022 08:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302684 The appeals by Chromatic India Limited, Vinod Kumar Kaushik, and Ajay Sethi were dismissed, upholding the penalties imposed. However, the appeals by Vipin Sharma were allowed, and the penalties against him were quashed. The Tribunal stressed the significance of evidence in linking directors to fraudulent activities and maintained the principle of proportionality in penalty imposition. Case-Laws SEBI Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302684