Supreme Court of India
M/s Prrsaar through its Proprietor Ved Prakash Gupta v. National Stock Exchange of India Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
Resultantly, we deem it appropriate to set aside the impugned order and relegate the appellant before the Appellate Tribunal by restoring appeal No. 53 of 2017 to the file of the Securities Appellate Tribunal, Mumbai for reconsideration only on the issue of quantum of punishment awarded to the appellant.
Judgment, page 4
From the headnote
Stock Exchange: Disciplinar y Action Committee of National Stock Exchange of India Ltd. found the appellant guilty of indulging in financial ir regularities and misconduct in conduct of business and imposed fine/penalty of Rs.10 lakhs with suspension from trading membership for five trading days – Befor e the appellate authority, appellant had specifically raised the issue about the appr opriateness of the or der suspending his trading membership and also quantum of penalty imposed by the appropriate authority – According to appellant, as per cir cular dated 27.06.2013, suspension of trading
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