sebi:ORDER/VV/AS/2021-22/15776
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Facts / Headnote
SCN dated December 29, 2021 disposed of; proceedings not maintainable qua Noticee
Provisions invoked
- s. 15H
- s. 15I
- s. 148
Regulations
- Reg. 3(a)
Parties
- Shree Onkar Apartments Pvt Ltd
Holding
The Adjudicating Officer held that the adjudication proceedings against Shree Onkar Apartments Pvt Ltd are not maintainable because the Noticee had ceased to exist as a separate legal entity w.e.f. October 29, 2019 pursuant to the NCLT-approved amalgamation, and thus was not in existence when the SCN was issued on December 29, 2021.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Shree Onkar Apartments Pvt Ltd in the matter of dealing in Illiquid Stock Options at BSE. Page 2 of 5
______________________________________________________________________________________ Adjudication Order in respect of Shree Onkar Apartments Pvt Ltd in the matter of dealing in Illiquid Stock Options at BSE. Page 3 of 5
______________________________________________________________________________________ Adjudication Order in respect of Shree Onkar Apartments Pvt Ltd in the matter of dealing in Illiquid Stock Options at BSE. Page 4 of 5
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Source: SecMarx — sebi:ORDER/VV/AS/2021-22/15776. 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.