sebi:ORDER/AP/AS/2020-21/10094
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Facts / Headnote
Abated - proceedings abated and SCN dated December 05, 2018 disposed of without going into merits due to death of Noticee
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
Parties
- Mr. Abhijeet Dwarkadas Daga
Holding
The adjudication proceedings against Mr. Abhijeet Dwarkadas Daga were abated without going into the merits, and the show cause notice dated December 05, 2018 issued against him was disposed of accordingly.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Mr. Abhijeet Dwarkadas Daga in the matter of dealing in scrip of Timbor Home Ltd. Page 2 of 3
______________________________________________________________________________________ Adjudication Order in respect of Mr. Abhijeet Dwarkadas Daga in the matter of dealing in scrip of Timbor Home Ltd. Page 3 of 3
Company and thereafter offloaded large number of shares in the secondary market pursuant to such misleading recommendation with a view to defraud unsusceptible gullible investors. The Noticee along with 20 connected entities was part of a scheme, plan, devise or artifice to defraud gullible investors.
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Source: SecMarx — sebi:ORDER/AP/AS/2020-21/10094. 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.