Mutual Funds Order, 2001 · s 17

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s 17In determining an appeal under section 16, the Court may -

{a} in a case where the appeal is against the refusal by the Authority to issue or grant a licence or permission under this Order, either confirm the refusal or issue or grant the licence or permission sought as if it were the

Authority;

{b) in any other case, subject to the provisions of this Order, confirm or modify the decision to which the appeal relates or set aside that decision and in lieu thereof substitute another as if it were the Authority; and

{c) in any case, make such other order as it thinks fit.