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2021 (11) TMI 1176 - SCH - SEBIPenalty u/s 15HA of the SEBI Act - Special Court at Calcutta jurisdiction to entertain the said complaint and to proceed against the petitioner - HELD THAT:- During the pendency of the proceedings before this Court and pursuant to order of this Court [2021 (3) TMI 1437 - SC ORDER] petitioner has deposited the penalty amount of Rs.1 Crore. In view of such payment, what remained, is only with regard to interest on the said amount of Rs.1 Crore penalty imposed by the Adjudicating Authority. It is the case of the petitioner that the petitioner, an innocent young entrepreneur, entered into security market immediately after completing her MBA Course. It is stated that with great difficulty, the petitioner could mobilize the penalty amount and paid the same. As much as, Adjudicatory Order was passed as early as on 30.04.2012 and further, the petitioner has already paid the entire penalty amount of Rs.100 lakhs during the pendency of this Petition, and to put quietus to the litigation, we deem it appropriate to dispose of the Special Leave Petition by directing the petitioner to deposit a further sum of Rs.10 lakhs towards interest, within a period of eight weeks from today. Upon such deposit, the criminal proceedings initiated against the petitioner on the file of the 5th Special Court, Calcutta stand quashed. It is made clear that this order is passed having regard to peculiar facts and circumstances of the case and the same shall not be treated as precedent for any other case.
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