Supreme Court of India
Sebi through its Chaihman v. Roofit Industries 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.
1 Supreme Court bench has cited this judgment.
From the headnote
Securities and Exchange Board of India Act, 1992 - s. c 15A - Allegations of share-price rigging by respondent - Issuance of summons on 23. 07. 2002 by appellant to respondent requiring it to produce certain documents - However, non-compliance of summons and information required not provided by respondent till the extended date- 16.9.2002 - In terms of amended s. 15A(a}, Adjudicating Officer imposed penalty of Rs 1 crore on respondent and in connected appeal imposed Rs 75,00,000- Tribunal reduced the penalty payable by respondent uls.
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