sebi:Order/MC/VS/2020-21/10256-10267
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Facts / Headnote
Adjudication proceedings against all 12 Noticees disposed of; allegations not established; no penalty imposed.
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 12
- s. 15H
Regulations
- Reg. 3
- Reg. 3(a)
Holding
The Adjudicating Officer held that the allegations against all 12 Noticees of creating misleading appearance of trading and causing price rise/fall in the scrip of Pincon Lifestyle Ltd. in a manipulative manner were not established, and disposed of the adjudication proceedings without imposing any penalty.
Full text
Adjudication Order in respect of Archana Bansal and 11 others in the matter of Pincon Lifestyle Ltd. Page 2 of 38 10. Hari Narayan Gupta (PAN AAZPG8177D) having address at 11/a/3 Sunny Park, Ballygung, Kolkata, West Bengal, India, 700019
Adjudication Order in respect of Archana Bansal and 11 others in the matter of Pincon Lifestyle Ltd. Page 3 of 38 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Archana Bansal and 11 others in the matter of Pincon Lifestyle Ltd. Page 4 of 38 of Pincon was suspended effective from December 24, 2015 by BSE vide notice dated December 21, 2015, and trading in the scrip resumed w.e.f. April 08, 2016.
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Source: SecMarx — sebi:Order/MC/VS/2020-21/10256-10267. 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.