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TMI Blog2025 (5) TMI 1138X X X X Extracts X X X X X X X X Extracts X X X X ..... ANNA MEMBER (JUDICIAL) AND MR. AJAI DAS MEHROTRA MEMBER (TECHNICAL) For the Appellant: Ms Aditi Sharma, Advocate. For the Respondent: Mr Avinash Sharma, Ms Akanksha Kapoor, Advocates for R1. Ms Sriashti Prashar, Advocate. ORDER HYBRID MODE This IA No. 803/2023 has been filed by the appellant praying therein to direct the release of the Fixed Deposit Receipts deposited by the Appellants for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the impugned order(s) in respect of them shall remain stayed. Appellants-"Sanjay Agencies", Lahs Green India Pvt Ltd, will also deposit the amount @ 10% of the penalty and full amount by the individuals, within the same period." 3. The said amount was deposited by the Appellants in favour of the Ld. Registrar, NCLAT. This appeal was decided alongwith other appeals vide order dated 23.12.2022 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her the appellants were asked to explain regarding exemplary penalty i.e. maximum 10% or detailed reasons has been assigned for the same. It is true that in respect of imposing penalty discretion has been given to the CCI, but at the same time it is settled that discretion may not be exercised indiscreet manner. We are of the opinion that though discretionary jurisdiction may not be interfered wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opportunity to the Appellant. CCI had filed an appeal before the Hon'ble Supreme Court vide Civil Appeal No.1985/2023 which appeal was also dismissed on 19th February, 2025, hence this application. 4. It is submitted by the appellant since the CCI is deciding about the quantum of penalty afresh hence the FDR deposited in pursuance to the order dated 17.09.2018 be released. 5. The learned counsel ..... X X X X Extracts X X X X X X X X Extracts X X X X
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