2025 (5) TMI 1762

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....EMBER (JUDICIAL) AND MR. AJAI DAS MEHROTRA) MEMBER (TECHNICAL) For the Appellant: Ms Aditi Sharma, Advocate. For the Respondent: Mr Avinash Sharma, Ms Akanksha Kapoor, Advocates for R1. Ms Srashti Prashar, Advocate. ORDER HYBRID MODE This IA No.799/2023 has been filed by the appellant praying therein to direct the release of the Fixed Deposit Receipts deposited by the Appellants for the amou....

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....mpugned order(s) in respect of them shall remain stayed. Appellants-"Sanjay Agencies", Lahs Green India Pvt Ltd, will also deposit the amount @ 10% of the penalty and full amount by the individuals, within the same period." 3. The said amount was deposited by the Appellants in favour of the Ld. Registrar, NCLAT. This appeal was decided alongwith other appeals vide order dated 23.12.2022 and it w....

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....he appellants were asked to explain regarding exemplary penalty i.e. maximum 10% or detailed reasons has been assigned for the same. It is true that in respect of imposing penalty discretion has been given to the CCI, but at the same time it is settled that discretion may not be exercised indiscreet manner. We are of the opinion that though discretionary jurisdiction may not be interfered with but....