Date of failure is relevant for the purpose of Imposing penalty : Supreme Court
Facts of the Case :- Initial Summons to the Respondent was dated 23.7.2002. (Thus SEBI’s summons to respondent to furnish required documents prior to 29-10-2002.) The Respondent sought time till 20.8.2002 to provide the documents and information sought by the Appellant, and thereafter sought further time till 31.8.2002 and then 30.9.2002.SEBI sent a reminder letter… Read More »