2021 (3) TMI 1437 - SCH - SEBI

Penalty u/s 15HA of the SEBI Act - Jurisdiction of the Special Court treating offences committed territorially under the SEBI Act - scope of proceedings after the amendment of the SEBI Act 2014 and offences under the SEBI Act committed prior to the 2002 amendment - HELD THAT - As petitioner seeks almost a mercy relief qua the interest payable on the penalty imposed of Rs.1 crores which amount stands finalized right up to the Supreme Court. However, it is not a case where the petitioner has paid this amount and seeks some indulgence on interest. At the request of petitioner on instructions last opportunity is granted to deposit the amount of Rs.1 crore with the respondent on or before 15.04.2021, failing which no further consideration will take place and the Special Leave Petition will stand dismissed without any further order. List for directions on 15.04.2021.

Summary

The Supreme Court of India in 2021 (3) TMI 1437 - SC Order declined interference under Article 136 of the Constitution. The petitioner was given a final opportunity to deposit Rs.1 crore penalty by 15.04.2021, failing which the Special Leave Petition would be dismissed without further order. List for directions on 15.04.2021.