This document contains the Supreme Court of India's judgment in the case of Siddharth Chaturvedi vs. Securities and Exchange Board of India (SEBI), dated March 14, 2016. It addresses the interplay between Section 15A and Section 15J of the SEBI Act concerning penalties for technical defaults in share transactions. The judgment discusses the interpretation of penalty provisions and whether they allow for discretion, particularly in cases of non-disproportionate gains or losses to investors. This document is valuable for legal professionals, investors, and anyone interested in SEBI regulations and penalty adjudication.
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