https://www.taxtmi.com/caselaws?id=310989 Where a penalty imposed under the SEBI Act had already attained finality and been paid during the proceedings, the Court treated the remaining issue as confined to interest. In the peculiar facts and after the long lapse of time, it directed the petitioner to pay an additional sum towards interest, and on such compliance the pending criminal proceedings would stand quashed. The decision reflects that consequential prosecution for non-payment of penalty may be brought to an end where the substantive penalty liability has been discharged and the residual obligation is satisfied by further monetary payment. en-us Mon, 08 Nov 2021 00:00:00 +0530 Thu, 30 Nov 2023 18:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310989 Where a penalty imposed under the SEBI Act had already attained finality and been paid during the proceedings, the Court treated the remaining issue as confined to interest. In the peculiar facts and after the long lapse of time, it directed the petitioner to pay an additional sum towards interest, and on such compliance the pending criminal proceedings would stand quashed. The decision reflects that consequential prosecution for non-payment of penalty may be brought to an end where the substantive penalty liability has been discharged and the residual obligation is satisfied by further monetary payment. Case-Laws SEBI Mon, 08 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310989