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What is Appeal Outcome: Asit C. Mehta Case about?

The Securities Appellate Tribunal ruled on an appeal by Asit C. Mehta Investment Intermediates Ltd. against a penalty of Rs. 15 lakhs imposed by SEBI for various violations, including misuse of client funds. The Tribunal found that the appellant had already been penalized by BSE and NSE for the same violation, leading to a reduction of the penalty to Rs. 9 lakhs. The appeal was partly allowed, with the parties bearing their own costs.

Author

Soumya

Language

EN