2025 (2) TMI 1277

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....LATE TRIBUNAL, MUMBAI - AT (Judgement / Order / Decisions)<br>Dated:- 13-2-2025<br>Appeal No. 722 of 2024 - -<br>Securities / SEBI<br>Justice P. S. Dinesh Kumar, Presiding Officer, And Dr. Dheeraj Bhatnagar, Technical Member For the Appellant : Advocate i/b D. R. Law Chambers For the Respondent : Mr. Vishal Kanade, Advocate with Mr. Ravishekhar Pandey, Mr. Sagar Dhakane, Advocates i/b Aagma....

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....hem Raja Sudhakar (supra). Adverting to para No. 80 of the impugned order, he submitted that the appellants are innocent, their demat accounts and trading accounts were operated by noticee No. 25 (Murali Prakash Naidu). They were assured that he would take care and protect their interest before the SEBI and also file an appeal before this Tribunal. Therefore, there has been delay in filing this ap....

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....25) and they had taken up the matter with him. 7. Thus, appellants had the knowledge of Murali Prakash Naidu misusing their demat accounts and they have taken the said stand before the WTM. But strangely, while explaining the delay before this Tribunal, it is contended by the learned advocate for the appellants that appellants had no knowledge of the transactions. Both these stands are contradi....