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2012 (1) TMI 333 - SECURITIES APPELLATE TRIBUNAL, MUMBAIExtract: .......es referred to above. The appellant, therefore, cannot be given a different treatment. We, therefore, reduce the penalty to ₹ 7 lacs in this case. In the result, while upholding the findings of the adjudicating officer, we reduce the penalty to ₹ 7 lacs. The impugned order stands modified accordingly. There will be no order as to costs.
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