2023 (6) TMI 1252

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.... 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 permissible under Section 15HB of SEBI ....

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....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 that the Tribunal has not taken into consideration ....