0716-2021 Winsome Yarns Ltd. vs SEBI
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under Section 23E is patently erroneous. The AO has committed a manifest error in invoking Section 23E of the SCRA. 18. Section 23E has nothing to do with the violation of the provisions of the Listing Agreement especially Clause 36. Section 23E provides that where a Company fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof then penalty would be a minimum of Rs. 5 lakh upto maximum of Rs. 25 crore. The words “fails to comply with the listing conditions” cannot mean failure to comply with the conditions in the Listing Agr
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Date of Hearing : 1.6.2022
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Source: SecMarx — 0716-2021 Winsome Yarns Ltd. vs SEBI. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.