sebi:CO/IVD/1360/AO/DSR/011/2008
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Facts / Headnote
Consent order disposing of pending adjudication proceedings under SEBI Act, 1992
Holding
The Adjudicating Officer disposed of the pending adjudication proceedings against the noticees under the SEBI Act, 1992 pursuant to a consent settlement, with the noticees remitting Rs. 1,00,000/- without admission or denial of guilt.
Full text
- 2 - 3. In terms of the proposal of the noticees for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the noticees to the finding of fact or conclusion of law, the noticees have remitted a sum of Rs. 1,00,000/- (Rupees One Lakh only) vide Demand Draft No. 049769 dated April 18, 2008 drawn on HSBC Bank for Rs.50,000/- and Demand Draft No. 531586 dated April 18, 2008 drawn on Allahabad Bank for Rs. 50,000/- towards the terms of consent in the matter. 4. In view of the above, it is hereby ordered that: i) this consent order disposes of the said adjudication proceedings pending
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against the noticees under SEBI Act, 1992 and ii) passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing / reopening of the pending proceedings against the noticees, if SEBI finds that: a. any representations made by the noticees in the consent
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Source: SecMarx — sebi:CO/IVD/1360/AO/DSR/011/2008. 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.