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TMI Blog2021 (11) TMI 1176X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the pendency of the proceedings before this Court and pursuant to order of this Court [ 2021 (3) TMI 1437 - SC ORDER] petitioner has deposited the penalty amount of Rs.1 Crore. In view of such payment, what remained, is only with regard to interest on the said amount of Rs.1 Crore penalty imposed by the Adjudicating Authority. It is the case of the petitioner that the petitioner, an innocent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s order is passed having regard to peculiar facts and circumstances of the case and the same shall not be treated as precedent for any other case. - HON'BLE MR. JUSTICE R. SUBHASH REDDY AND HON'BLE MR. JUSTICE HRISHIKESH ROY For the Petitioner : Mr. B. Adinarayana Rao, Sr. Adv. Mr. Pramod Kumar, Adv. Mr. Nitin Narang, Adv. Dr. Amardeep Gaur, Adv. Mr. Amlan Kumar Ghosh, AOR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the case, I impose a penalty of Rs.1,00,00,000/- (Rupees one crore only) under Section 15HA of the SEBI Act on the Noticee which will be commensurate with the violations committed by her. 24.The Noticee shall pay the said amount of penalty by way of demand draft in favour of SEBI Penalties Remittable to Government of India , payable at Mumbai, within 45 days of receipt of this order. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arose in Calcutta, as such, the Special Court at Calcutta has no jurisdiction to entertain the said complaint and to proceed against the petitioner. The High Court has dismissed the Revision Petition by impugned order dated 22.08.2019. During the pendency of the proceedings before this Court and pursuant to order of this Court dated 25.03.2021, the petitioner has deposited the penalty amount of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ards interest, within a period of eight weeks from today. Upon such deposit, the criminal proceedings initiated against the petitioner in Case No.SEBI/3/2019 on the file of the 5th Special Court, Calcutta stand quashed. It is made clear that this order is passed having regard to peculiar facts and circumstances of the case and the same shall not be treated as precedent for any other case. This ..... X X X X Extracts X X X X X X X X Extracts X X X X
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