sebi:CO/ID6/201/2009
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Facts / Headnote
Consent order disposing of enquiry proceedings against the applicant in the matter of Sun Infoways Limited
Holding
SEBI accepted the consent terms proposed by the applicant and disposed of the pending enquiry proceedings against the applicant in the matter of Sun Infoways Limited, on payment of Rs. 1,50,000/- towards settlement charges.
Full text
considered the consent terms proposed by the applicant and recommended the case for settlement, on the terms proposed by the applicant. Accordingly, the applicant shall pay Rs. 1,50,000/- (Rupees one lakh fifty thousand only) towards settlement charges. SEBI accepted the said terms of settlement and communicated the same to the applicant vide letter dated March 20, 2009.
4. For the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the applicant to the finding of fact or conclusion of the law, the applicant has remitted a sum of Rs. 1,50,000/- (Rupees one lakh fifty thousand only) vide Manager’s Cheque no. 061011 dated March 24, 2009 drawn on HDFC Bank Limited, Mumbai.
5. In view of the above, it is hereby ordered that this consent order disposes of the said enquiry proceedings pending against the applicant in the matter of Sun Infoways Limited.
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Source: SecMarx — sebi:CO/ID6/201/2009. 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.