TMI Blog2022 (9) TMI 489X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant to file a representation, the appellant did not file the representation. The letter dated 25.8.2021 is at page 79 of the appeal memo. It merely encloses a copy of the Inquiry Report and requires the appellant to furnish a representation, if any, within 30 days of the issue of this letter - According to the appellant, the representation was submitted on 21.9.2021 but it has not been consider ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Broker License of the appellant has been revoked with forfeiture of whole amount of security deposited by the appellant and a fine of Rs. 50,000/- has also been imposed. 2. Shri Devesh Tripathi, learned Counsel for the appellant has submitted that the Commissioner had sent a letter dated 25.08.2021 requiring the appellant to file a representation to the Inquiry Report and the appellant had fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pellant to submit written submissions before the Commissioner. 5. The order dated 8.11.2021 passed by the Commissioner is, accordingly, set aside. The matter is remitted to the Commissioner for passing a fresh order after taking into consideration the representation dated 20.9.2021 said to have been submitted by the appellant on 21.9.2021. Liberty is also granted to the appellant to file writte ..... X X X X Extracts X X X X X X X X Extracts X X X X
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