sebi:AO/SG-SKS/EAD/84/2017
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of without imposition of penalty
Provisions invoked
- s. 15
- s. 15C
Parties
- City Lifts India Limited
Holding
The Adjudicating Officer held that the Noticee did not violate Section 15C of the SEBI Act, as the allegation that it merely filed an ATR without taking appropriate steps for redressal of the investor grievance was not tenable, and consequently no monetary penalty was imposed.
Full text
_____________________________________________________________________ Adjudication Order in the matter of City Lifts India Ltd. Page 2 of 8
_____________________________________________________________________ Adjudication Order in the matter of City Lifts India Ltd. Page 3 of 8
_____________________________________________________________________ Adjudication Order in the matter of City Lifts India Ltd. Page 4 of 8
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Source: SecMarx — sebi:AO/SG-SKS/EAD/84/2017. 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.