Amendment status not verified — confirm the current text below against the official source.
Penalties.-(1) Any Sandbox operator or any participant who violates any of the conditions laid down by the Authority or the Sandbox operator shall in addition to revocation of permission to operate or participate be liable for a fine which may extend to rupees five lakhs or such amount to the extent of which a damage is caused to any public in operating or participating in the regulatory sandbox. The Authority shall after summary enquiry and after giving an opportunity to represent, impose fine on defaulting Sandbox operator or participant and make good the loss incurred by the concerned public the damage so caused. (2) Any person aggrieved by the order of the Authority under sub-section(1) may appeal to the concerned district judge having jurisdiction.