https://www.taxtmi.com/caselaws?id=464550 AT partly allowed the appeal. The Tribunal set aside several findings of the adjudicating officer (defaults concerning the purported technology platform, rating/withdrawal procedural defects and SO verification) but upheld the finding of delayed recognition of NCD default and partly sustained one other procedural breach. Consequently the impugned penalty of Rs. 1 crore could not be sustained and the quantum was to be reduced in light of the mixed findings. The Tribunal noted due diligence was exercised for certain downgrades and some failures were held to be bona fide or not covered by applicable circulars. en-us Mon, 21 Mar 2022 00:00:00 +0530 Tue, 04 Nov 2025 20:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464550 AT partly allowed the appeal. The Tribunal set aside several findings of the adjudicating officer (defaults concerning the purported technology platform, rating/withdrawal procedural defects and SO verification) but upheld the finding of delayed recognition of NCD default and partly sustained one other procedural breach. Consequently the impugned penalty of Rs. 1 crore could not be sustained and the quantum was to be reduced in light of the mixed findings. The Tribunal noted due diligence was exercised for certain downgrades and some failures were held to be bona fide or not covered by applicable circulars. Case-Laws SEBI Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464550