sebi:ORDER/VV/NK/2020-21/8315

SEBI · SEBI · 2020-02-12 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings abated without going into the merits of the case; no penalty imposed.

Provisions invoked

• s. 15
• s. 19
• s. 12A
• s. 15H

Regulations

• Reg. 4(1)
• Reg. 3(a)

Parties

• Late Sudha Balkrishna Oza

Holding

The adjudication proceedings initiated against the deceased Noticee, Late Sudha Balkrishna Oza, are abated without going into the merits of the case, and no penalty is imposed.

Full text

Adjudication Order in the matter of Sterling International Enterprises Limited Page 2 of 4 APPOINTMENT OF ADJUDICATING OFFICER

Adjudication Order in the matter of Sterling International Enterprises Limited Page 3 of 4 b) the provisions of Section 12A(a), (b), (c) of SEBI Act, read with Regulations 3(a),(b),(c),(d) and Regulations 4(1), 4(2) (a) and (g) of PFUTP Regulations for creating misleading appearance of trading in the scrip of SIEL by trading amongst themselves.

Adjudication Order in the matter of Sterling International Enterprises Limited Page 4 of 4 8. Further,the Hon’ble Securities Appellate Tribunal has also held in Chandravadan J Dalal Vs. SEBI (Appeal No. 35/2004) that “The appeal abates since the appellant during the pendency of the appeal died on 29th November,

Source: SecMarx — sebi:ORDER/VV/NK/2020-21/8315. 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.