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TMI Blog2015 (2) TMI 1415X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Central Information Commission directing the Petitioner - SEBI to provide the information sought and which is mentioned in para 2(a) and (b) of the impugned order to the appellant within four weeks from the date of receipt of the order. Paras 2(a) and (b) of the said order read as under:- "2(a) The assets and liabilities statement of Mr. U.K. Sinha, Chairman SEBI for the last three years, or for the period declared by him; and (b) the total present emoluments of Mr. U.K. Sinha, Chairman SEBI along with perquisites on which he has been employed with SEBI." 2. Mr. Khambatta, the learned Senior Counsel appearing on behalf of the Petitioner - SEBI inter alia submitted that Respondent No.1 had initially filed four applications seeking ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... job of very high emoluments and this was done to dilute the cases of some major defaulters in capital market. He submitted that this issue was concluded by the observations made by the Apex Court in para 84 of its judgment in Arun Kumar Agrawal vs. Union of India and Others (2014) 2 SCC 609. He submitted that the said Petition was also filed by Respondent No.1 herein wherein he had challenged the appointment of Mr. U.K. Sinha Chairman of SEBI. Petitioner - SEBI has also challenged the impugned order on various other grounds. 3. Respondent No.1 - Mr. Arun Kumar Agrawal who is appearing in person has candidly stated that reasons ought to have been given by the Central Information Commission while passing the impugned order and that the posit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... S.N. Mukherjee vs. Union of India (1990) 4 SCC 594 has observed in para 35 as under:- "35. The decisions of this Court referred to above indicate that with regard to the requirement to record reasons the approach of this Court is more in line with that of the American Courts. An important consideration which has weighed with the court for holding that an administrative authority exercising quasi-judicial functions must record the reasons for its decision, is that such a decision is subject to the appellate jurisdiction of this Court under Article 136 of the Constitution as well as the supervisory jurisdiction of the High Courts under Article 227 of the Constitution and that the reasons, if recorded, would enable this Court or the High Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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