Supreme Court · 2015 INSC 864 · Decided 26 November 2015
Sebi Through Its Chaihman v. Roofit Industries LTD.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 864 · [2015] 12 S.C.R. 190
- Case number
- CIVIL APPEAL No. 1364/2005
- Decided
- 26 November 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Securities and Exchange Board of India Act, 1992 - s. c 15A - Allegations of share-price rigging by respondent - Issuance of summons on 23. 07. 2002 by appellant to respondent requiring it to produce certain documents - However, non-compliance of summons and information required not provided extended date- D 16.9.2002 - In terms of amended s. 15A(a}, Adjudicating Officer imposed penalty of Rs 1 crore on respondent and in connected appeal imposed Rs 75,00,000- Tribunal reduced the penalty payable by respondent uls. 15A from Rs 1 crore to Rs 60, 0001- and from Rs 75, 00, 000 to Rs 15,
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