2015 (7) TMI 220

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....For The Respondent : Mr. Kumar Desai, Advocate with Mr. Pulkit Sukhramani, Advocate i/b The Law Point Per: Justice J.P. Devadhar (Oral) 1. Appellant is aggrieved by the adjudication order passed by Securities and Exchange Board of India ('SEBI' for short) on January 07, 2014 whereby penalty of Rs. 1 lac is imposed on the appellant under Section 15A(a) and Section 15C of the Securities and Ex....

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.... As no action was taken, by the impugned order, penalty of Rs. 1 lac is imposed on the appellant. 4. Representative of the appellant submitted that the appellant had obtained SCORES Login ID and Password, however, the same being misplaced, the appellant has applied for the same once again on December 17, 2013. It is further submitted that there being no investor loss and the alleged violation b....