sebi:Order/BJD/MG/2020-21/9243
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of as not maintainable
Provisions invoked
- s. 21
- s. 23E
- s. 23A
- s. 279
- s. 446
- s. 23I
Parties
- Polar Pharma India Limited
Holding
The Adjudication proceedings initiated against Polar Pharma India Limited vide SCN dated August 14, 2020 are not maintainable and are disposed of accordingly, as the Noticee was under liquidation and proceedings could not be continued without leave of the Court under Section 446 of the Companies Act, 1956.
Full text
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Source: SecMarx — sebi:Order/BJD/MG/2020-21/9243. 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.