sebi:EAD-9/VKV/NK/2021-22/12775
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Held violations of Regulations 6(1), 7(3), 51, 52(1), 52(4), 58 and 62 of LODR Regulations proved; imposed total penalty of Rs.2,00,000; dropped charges for Regulations 13(4), 55 and 60(2)
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 136
- s. 105
Regulations
- Reg. 65
- Reg. 13(4)
- Reg. 13
- Reg. 9
- Reg. 13(3)
- Reg. 6(1)
- Reg. 7(3)
- Reg. 51
- Reg. 55
- Reg. 13(1)
- Reg. 58
- Reg. 52
- Reg. 50(3)
- Reg. 52(1)
- Reg. 52(4)
- Reg. 52(8)
- Reg. 60(2)
- Reg. 62
- Reg. 62(1)(b)
- Reg. 62(1)(c)
Parties
- ABT Investments (India) Private Limited
Holding
The Noticee violated Regulations 6(1), 7(3), 51, 52(1), 52(4), 58 and 62 of LODR Regulations and is liable under Sections 15A(b) and 15HB of the SEBI Act. A total penalty of Rs.2,00,000 (Rs.1,00,000 under Section 15A(b) and Rs.1,00,000 under Section 15HB) was imposed.
Full text
Adjudication order in the matter of ABT Investments (India) Private Limited Page 2 of 40 Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) to inquire into and adjudge under Section 15A (b) and 15HB of the SEBI Act, the alleged violations of provisions of LODR Regulations by the Noticee as detailed in subsequent paras.
Adjudication order in the matter of ABT Investments (India) Private Limited Page 3 of 40 Date of Maturity 31-AUG-2018 Frequency of Interest Payment Quarterly Amount of NCDs issued (Rs. in Cr.) 100 No. of Investors 2 Date of Insolvency Proceedings initiated, in case of company is under Insolvency NA
Adjudication order in the matter of ABT Investments (India) Private Limited Page 4 of 40 In this regard, vide email dated January 22, 2020 the company has provided the information to BSE.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD-9/VKV/NK/2021-22/12775. 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.