sebi:Order/MC/HP/2021-22/13198-13245
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Facts / Headnote
Adjudication proceedings disposed of; allegations not established, no penalty imposed
Provisions invoked
- s. 15H
- s. 15J
Regulations
- Reg. 4(1)
- Reg. 3(a)
Holding
The Adjudicating Officer held that the allegation against the 48 Noticees that they manipulated the price of the scrip of Nikki Global Finance Limited and thereby violated Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(a) and (e) of the PFUTP Regulations is not established. The adjudication proceedings were disposed of without imposing any penalty.
Full text
Adjudication Order in the matter of Nikki Global Finance Limited Page 2 of 24 11. Umesh Kumar Agarwal (PAN: ADWPA7313D) having address at - 301 Ratan Dham Appartment Macrobert Ganj, Kanpur, Uttar Pradesh – 208001
Adjudication Order in the matter of Nikki Global Finance Limited Page 3 of 24 22. SDL Commodities Limited (PAN: AACCS6309R) having address at -12/36/136 Gwaltoli, Kanpur, Uttar Pradesh, 208001
Adjudication Order in the matter of Nikki Global Finance Limited Page 4 of 24 C 441, Panki, Kanpur, Uttar Pradesh, 208020 and 33/96 Chowk Kanpur, Kanpur, Uttar Pradesh, 208001
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Source: SecMarx — sebi:Order/MC/HP/2021-22/13198-13245. 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.