2021 (11) TMI 1176

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a Rao, Sr. Adv. Mr. Pramod Kumar, Adv. Mr. Nitin Narang, Adv. Dr. Amardeep Gaur, Adv. Mr. Amlan Kumar Ghosh, AOR For the Respondent : Mr. Chander Uday Singh, Sr. Adv. Mr. Pratap Venugopal, Adv. Ms. Surekha Raman, Adv. Ms. Ila sheel, Adv. Mr. Akhil Abraham Roy, Adv. Mr. Vijay Valsan, Adv. for M/S. K J John And Co, AOR ORDER UPON hearing the counsel the Court made the following We have hear....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... favour of "SEBI - Penalties Remittable to Government of India", payable at Mumbai, within 45 days of receipt of this order. The said demand draft should be forwarded to Mr.S.V.Krishnamohan, Regional Manager, Securities and Exchange Board of India, Eastern Regional Office (ERO), L&T Chambers, 3rd Floor, 16, Camac Street, Kolkata-700017." The said order has become final. On the ground that th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....before this Court and pursuant to order of this Court dated 25.03.2021, the petitioner has deposited the penalty amount of Rs.1 Crore. In view of such payment, what remained, is only with regard to interest on the said amount of Rs.1 Crore penalty imposed by the Adjudicating Authority. It is the case of the petitioner that the petitioner, an innocent young entrepreneur, entered into security marke....