2023 (6) TMI 1252

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....nugopal, Adv. Mr. Abhishek Baid, Adv. Mr. Praneet Das, Adv. Mr. Ashok Kumar Jain, Adv. Mr. Anup Jain, Adv. M/S Expletus Legal, AOR ORDER Delay condoned. The grievance of the appellant is that once a finding of violation of Section 15HB of SEBI Act, 1992 has been recorded, there appears no justification for the Tribunal to reduce the penalty below Rs. 1,00,000/- which is the minimum as per....

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....prescribed, as indicated under Section 15HB of the SEBI Act, 1992. Learned counsel for appellant further submits that even review application filed to make a correction in the order and to justify that the order reducing the penalty below Rs. 1,00,000/- is not permissible under Section 15HB of the SEBI Act, 1992. After we have heard learned counsel for the appellant, it clearly manifests tha....