0127-2006 M-s. Pravin Punit Agarwal HUF and Others vs Securities and Exchange Board of India

SAT · Final order

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Full text

“35. In our considered opinion, penalty is attracted as soon as the contravention of the statutory obligation as contemplated by the Act and the Regulation is established and hence the intention of the parties committing such violation becomes wholly irrelevant. A breach of civil obligation which attracts penalty in the nature of fine under the provisions of the Act and the Regulations would immediately attract the levy of penalty irrespective of the fact whether contravention was made by the defaulter with guilty intention or not. We also further held that unless the language of

IN THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 127 of 2006 Date of decision: 9.10.2007 1. M/s. Pravin Punit Agarwal – HUF 2. Mr. Punit Agarwal 3. Mr. Nameet Agarwal 4. Ms. Premlata Agarwal 5. Ms. Alka Agarwal 6. Ms. Sunita Agarwal 7. Mr. Naveenkumar Agarwal Collectively Promoters 8. Mr. Shivshankar Gaur 9. Ms. Sushila Gaur 10. Ms. Suchiti Gaur 11. Mr. Sharad Kumar Gaur 12. Mr. Shishir Gaur 13. Mr. Rajat Gaur 14. Mr. Chandramohan Poddar 15. Ms. Veena Podar 16. Mr. Sanjay Agarwal 17. Mr. Bajrangilal Agarwal 18. M/s. Jugal Kishore N. Agarwal HUF 19. Mr. Kamalkishore Agarwal 20. M/s. Navinkumar Agarwal HUF 21. Mr. Mahesh Agarwal 22. Mr. Jugalkishore Agarwal 23. M/s. Delux Impex P. Ltd. 24. Mr. Pravin Jugalkishore Agarwal 25. Mr. Ashok Agarwal 26. Ms. Brijlata Bubna 27. Ms. Manjari Agarwal 28. Ms. Asha Agarwal Collectively Persons acting in Concert With the Promoters

…… Appellants Versus

Source: SecMarx — 0127-2006 M-s. Pravin Punit Agarwal HUF and Others vs Securities and Exchange Board of India. 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.