sebi:CO/SM/EAD-12/81/2017
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Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against the applicant on payment of settlement charges of Rs. 6,88,000/-
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Coromandel International Limited (earlier known as Liberty Phosphate Limited)
Holding
The adjudication proceedings initiated against Coromandel International Limited (earlier Liberty Phosphate Limited) vide SCN dated May 12, 2015 are disposed of pursuant to settlement on payment of Rs. 6,88,000/- as settlement charges.
Full text
Page 2 of 3 (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as "Settlement Regulations").
Page 3 of 3 7. In view of the above, in terms of Regulation 15(1) of the Settlement Regulations, 2014, it is hereby ordered that this settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Coromandel International Limited (earlier known as Liberty Phosphate Limited) vide SCN dated May 12, 2015.
4. Pursuant to the above mentioned Settlement Application made by the applicant, the Authorized Representatives of the applicant, attended a meeting with the Internal Committee (hereinafter referred to as ‘IC') on August 24, 2017. During the aforesaid meeting, the settlement terms of ` 6,88,000/- (Rupees Six Lakh and Eighty Eight Thousand Only) calculated as per the Settlement Regulations were communicated to the authorised representatives of the applicant. The applicant vide letter dated August 28, 2017 proposed payment of ` 6,88,000/- (Rupees Six Lakh and Eighty Eight Thousand Only) towards full and final settlement of all regulatory, civil or criminal proceedings in relation to the facts contained in the SCN without admitting or denying any violation on the part of the applicant.
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Source: SecMarx — sebi:CO/SM/EAD-12/81/2017. 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.