2026 (7) TMI 1606

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....th Interim Application No. 1976 Of 2026, Criminal Appeal No. 504 Of 2026 With Interim Application No. 1978 Of 2026, Criminal Appeal No. 505 Of 2026 With Interim Application No. 1979 Of, Criminal Appeal No. 506 Of 2026 With Interim Application No. 1980 Of 2026, Criminal Appeal No. 507 Of 2026 With Interim Application No. 1981 Of 2026, Criminal Appeal No. 508 Of 2026 With Interim Application No. 198....

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....f 2014, 173 of 2014, 175 of 2014, 176 of 2014, 180 of 2014 and 178 of 2014, whereby the Appellants have been convicted for an offence punishable under Section 24(1) read with Section 27 of the Securities and Exchange Board of India Act, 1992 and sentenced to pay a fine of Rs.10 Lakhs only, with default stipulation, in each case.. The learned Sessions Judge further directed the Applicants to pay th....

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....ne year or fine or both. It was submitted that the punishment came to be subsequently enhanced in the year 2002. The learned Sessions Judge has imposed the sentence without delving into the aspect of the justifiability of the amount of fine ordered to be paid. 9. Learned Special PP resisted the submissions on behalf of the Appellants. It was urged that the Applicants did not produce documents a....

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....prisonment for three years or with fine, which shall not be less than Rs. 2,000/-, but which may extend to Rs. 10,000/- or with both. It is well recognized that the amount of fine where there is no maximum limit prescribed, cannot be exorbitant. 11. In the case at hand, the question as to whether the applicants were the directors of the accused No.1 Company, is in the arena of debate. In these ....