2025 (2) TMI 1275

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....-<br>Securities / SEBI<br>Justice P. S. Dinesh Kumar, Presiding Officer, Ms. Meera Swarup, Technical Member, And Dr. Dheeraj Bhatnagar, Technical Member For the Appellant : Mr. Vikas Bengani, Advocate For the Respondent : Mr. Sumit Rai, Advocate with Ms. Nidhi Singh, Ms. Komal Shah, Mr. Nishin Shrikhande and Mr. Harish Ballani, Advocates, i/b Vidhii Partners ORDER Per: Justice P. S. Di....

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.... Officer, SEBI, imposing interest on the interest component of Rs. 50,93,301, being a part of amount being disgorged. He next submitted that the appellant proposes to challenge the order passed by this Tribunal in Appeal No. 335 of 2021 as also in the Review Application before the Hon'ble Supreme Court. He also prayed that SEBI may be directed to grant one year's time to make the payment and be di....

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....1, 781/- within the 45 days from the date of the order. In case of failure to comply, it would attract interest at the rate of 12% per annum. Admittedly, appellants have challenged the WTM's order in this Tribunal (in Appeal No. 335 of 2021) and the said appeal has been dismissed. A review petition filed thereon has also been dismissed. Thereafter recovery proceedings have been initiated by issuin....