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Misc. Application No. 40 of 2014 And Appeal No. 57 of 2014. Case: Harish Sureka Vs Securities and Exchange Board of India. Securities and Exchange Board of India

Judgment Cited in Precedent Map Related
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Case NumberMisc. Application No. 40 of 2014 And Appeal No. 57 of 2014
CounselFor the Appellant: Mr. Deepak Dhane, Advocate and For the Respondent:Mr. Mihir Mody, Advocate with Mr. Pratham V. Masurekar, Advocate
JudgesJ.P. Devadhar, Presiding Officer, Jog Singh, Member and A.S. Lamba, Member
IssueSecurities and Exchange Board of India Act, 1992 - Section 15HA
Judgement DateJune 16, 2014
CourtSecurities and Exchange Board of India

Order:

J.P. Devadhar (Oral)

Misc. Application No. 40 of 2014

By this Miscellaneous Application, appellant seeks condonation of two days delay in filing the appeal. For reasons stated in the application, delay is condoned. Miscellaneous Application is disposed of accordingly.

Appeal No. 57 of 2014

  1. This appeal is filed to challenge adjudication order passed by the Adjudicating Officer ("AO" for short) of Securities and Exchange Board of India) ("SEBI" for short) on 31 December, 2013, whereby penalty of ` 10 lacs has been imposed upon the appellant under Section 15HA of Securities and Exchange Board of India Act, 1992 ("SEBI Act, 1992" for short).

  2. Counsel for SEBI fairly states that though there is nothing on record to suggest that the alleged reply of the appellant dated March 3, 2013, copy of which is annexed at page 52 of the appeal paper book was in fact received in the office of SEBI, since the facts set out in the said reply go to the...

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