sebi:Order/MC/RM/2022-23/23027-23069
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 3
Holding
The Adjudicating Officer considered whether the 43 Noticees violated Section 12A(a),(b),(c) of the SEBI Act read with PFUTP Regulations 3(b),(c),(d) and 4(1) through self-financing of Sulabh Engineering and Services Limited's preferential allotments. The order addresses preliminary contentions on procedure and the merits of fund-flow allegations, particularly regarding the Rs.100 lakh transfer to Sona Chandi.
Full text
Adjudication Order against 43 entities in the matter of Sulabh Engineering and Services Limited Page 2 of 57 12. Naveen Kumar Kurele (PAN: AGUPK5822A) having address at R-847, First floor New Rajendra Nagar New Delhi 110060
Adjudication Order against 43 entities in the matter of Sulabh Engineering and Services Limited Page 3 of 57 26. Key Men Laminators Pvt. Ltd. (PAN: AABCK3085D) having address at 53/7 Naya Ganj Kanpur Uttar Pradesh 208001
Adjudication Order against 43 entities in the matter of Sulabh Engineering and Services Limited Page 4 of 57 41. Dilip Kumar Agarwal (PAN: ACFPA9421Q) having address at 53/7 Nayaganj Kanpur Uttar Pradesh Kanpur 208001
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Source: SecMarx — sebi:Order/MC/RM/2022-23/23027-23069. 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.