2025 (11) TMI 1720

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....of 2025 - -<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. Gaurav Joshi, Senior Advocate with Ms. Parinaz Bharucha, Ms. Riya Gokalgandhi, Advocates i/b RHP Partners For the Respondent : Mr. Pradeep Sancheti, Senior Advocate with Ms. Prapti Kedia, Mr. Ankit Ujjwal, A....

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.... in violation of Section 12A(a), 12A(b), 12A(c) of the SEBI Act and Regulation 3(b), 3(c), 3(d), 4(1), 4(2)(e), 4(2)(f), 4(2)(k) and 4(2)(r) of the PFUTP Regulations." 3. The appellant requested the SEBI Securities & Exchange Board of India to provide: - i. The report submitted by the NSE National Stock Exchange of India Ltd; ii. Copy of the file notings; and iii. An ....

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....recorded by the SEBI in the show cause notice, the allegation levelled against the appellant is untenable. Therefore, it is necessary to peruse the file notings and cross-examine of the investigating officer. He further submitted that appellant is not a listed company and not amenable to SEBI's jurisdiction. 6. Shri Pradeep Sancheti, learned senior advocate for SEBI submitted that an authentica....

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....e available to the appellant. Appellant can submit his defense and the quasi judicial authority will consider the same in accordance with law and pass an appropriate order. Therefore, there is no need for cross-examination of the investigating officer. 8. To a query made by us, it is fairly conceded by the learned senior advocates on both sides that in similar cases this Tribunal has not interf....