0540-2021 A. T. Rajan vs SEBI
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Full text
““34. As noticed, a reasonable opportunity of being heard is to be provided by the adjudicating authority in the manner prescribed for the purpose of imposing any penalty as provided for in the Act and not at the stage where the adjudicating authority is required merely to decide as to whether an inquiry at all be held into the matter. Imposing of penalty after the adjudication is fraught with grave and serious consequences and therefore, the requirement of providing a reasonable opportunity of being heard before imposition of any such penalty is to be met. In contradistinction,
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Date of Hearing : 11.08.2021 Date of Decision : 30.08.2021
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Source: SecMarx — 0540-2021 A. T. Rajan vs SEBI. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.