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2020 (2) TMI 133 - SCH - SEBIDilution of adverse observations - HELD THAT:- Certain observations made in Paragraph No. 20 of the impugned order were not called for, such as "the computer generated disposal of a serious complaint speaks volume on the conduct of the respondents" as well as the part of the order relating to "vested interest in not deciding the matter" were not at all called for. May be there was some remiss on the part of SEBI to act as a regulator, but casting aspersion was not warranted in the facts and circumstances of the case. As such, the adverse observations made in Paragraph No. 20 are hereby diluted. As prayed for, time is granted to deal with the complaints positively and objectively within four months from today in accordance with law. Appeal is disposed of.
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