sebi:BM/AO-06/2010
Facts / Headnote
Adjudication proceedings concluded as infructuous and disposed of
Provisions invoked
- s. 15
- s. 15H
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3
Parties
- M/s Chanakya Apparels Private Limited
Holding
The present adjudication proceedings against M/s Chanakya Apparels Private Limited were concluded as infructuous and the matter was accordingly disposed of without any finding on merits or penalty.
Full text
Page 2 of 6 creation of artificial volumes in the scrip and was designed to create a false market leading to significant price movement in the scrip.
Page 3 of 6 Noticee is in Delhi the same was forwarded to the Northern Regional Office of SEBI (NRO-SEBI) for delivery. 6. Another copy of the SCN dated June 24, 2009 was sent to the Noticee through NRO-SEBI and also by Speed Post. The SCN sent through speed post was returned undelivered.
Page 4 of 6 December 11, 2009 as the date of appearance at SEBI, Northern Regional Office, Delhi. The hearing notice along with the SCN was forwarded to the NRO-SEBI for delivery/service through affixture. Vide letter dated December 03, 2009, the NRO-SEBI forwarded a report stating therein that the premise No E- 104-A Ganesh Nagar, Pandav Nagar, New Delhi 110092 was a fully residential area by the name “Shukla Niwas”, the residents informed that no such company existed in the last 15 years. Hence, the affixture of the notice was not allowed by the residents.
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Source: SecMarx — sebi:BM/AO-06/2010. 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.