sebi:EAD/BJD/VS/114/2018-19
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Facts / Headnote
Adjudication proceedings disposed of as not maintainable
Provisions invoked
- s. 15
- s. 19
- s. 23
- s. 21
- s. 279
- s. 446
- s. 434
Regulations
- Reg. 12(1)
- Reg. 13(6)
Parties
- Plethico Pharmaceuticals Limited
Holding
The Adjudication proceedings initiated against the Noticee (Plethico Pharmaceuticals Limited) vide Show Cause Notice dated December 13, 2017 are not maintainable and are disposed of accordingly, as the company is under liquidation and leave of the Court under Section 446 of the Companies Act, 1956 was not obtained.
Full text
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_____________________________________________________________________________________ Adjudication Order in the matter of Plethico Pharmaceuticals Limited Page 4 of 7
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Source: SecMarx — sebi:EAD/BJD/VS/114/2018-19. 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.