https://www.taxtmi.com/caselaws?id=464717 The Tribunal held that the penalty could not be sustained on the basis that the appellant was a key managerial personnel in two companies under the Companies Act, 1956, because the same controversy had already been decided in earlier appeals arising from the same investigation. Those earlier decisions were treated as directly governing the present dispute and were followed. The challenge to the penalty therefore failed, and the appeal was dismissed. en-us Wed, 16 Feb 2022 00:00:00 +0530 Tue, 11 Nov 2025 19:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464717 The Tribunal held that the penalty could not be sustained on the basis that the appellant was a key managerial personnel in two companies under the Companies Act, 1956, because the same controversy had already been decided in earlier appeals arising from the same investigation. Those earlier decisions were treated as directly governing the present dispute and were followed. The challenge to the penalty therefore failed, and the appeal was dismissed. Case-Laws SEBI Wed, 16 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464717