Interest Component Inescapable Despite Wrong PAN in SEBI order

G. Moorthi Vs Recovery Officer (Madras High Court) In the case of G. Moorthi vs. Recovery Officer, the Madras High Court deliberated on an issue related to a penalty imposed by the Securities and Exchange Board of India (SEBI). The case revolves around the incorrect mention of the Permanent Account Number (PAN) of the petitioner in the penalty order. Despite the incorrect PAN number, the petitioner was held liable for interest on the penalty. This article provides a detailed analysis of the court’s judgment. Detailed Analysis: 1. Background of the Case: The Adjudicating Officer of SEBI i...