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2001 (3) TMI 1073 - AT - SEBIExtract: .......of ₹ 3 lakhs as monetary penalty. In the light of the facts and circumstances of the case I do not consider that the decision of the Adjudicating Officer imposing ₹ 3 lakhs as penalty is unjustified. For the reasons stated above, imposition of penalty made by the respondent vide order dated 10-11-2000 is upheld. The appeal is dismissed.
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