0177-2012 Mr. Mritunjay Kumar Director M-s. Credent Capital Services Private Limited Formerly Credent Portfolio Manageme
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“In our view, the penalty is attracted as soon as contravention of the statutory obligations as contemplated by the Act is established and, therefore, the intention of the parties committing such violation becomes immaterial. In other words, the breach of a civil obligation which attracts penalty under the provisions of an Act would immediately attract the levy of penalty irrespective of the fact whether the contravention was made by the defaulter with any guilty intention or not.”
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0177-2012 Mr. Mritunjay Kumar Director M-s. Credent Capital Services Private Limited Formerly Credent Portfolio Manageme. 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.