In parallel proceedings initiated against Co. and KMP for same offence; plea to penalise KMP was to be set at rest: SAT

COMPANY LAW/SEBI Act: Where for alleged violation of clause 36 of listing agreement, penalty was imposed on company, in view of fact that parallel proceeding for same offence was initiated against KMP also which culminated into an order being passed imposing penalties against KMP, grievance of shareholder of company to extent that KMP of company should be penalized was to be set at rest

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