sebi:Order/MC/VS/2021-22/13148-13157
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticees 1-8 exonerated; Noticees 9 and 10 held liable and each penalized Rs. 10,000
Provisions invoked
- s. 13
- s. 16
- s. 23H
- s. 18
- s. 23
- s. 29A
- s. 17
- s. 23J
- s. 23I
Parties
- Kavita Gupta
- Bihari Lal Gupta
- Vibha Bhartia
- Prateek Bhartiya
- Hemendra Kumar Agarwal
- Poonam Agarwal
- Rishi Ranjan Purwar
- Mukesh Kumar Shrivastava
- Ruchi Rachna Shrivastava
- Amod Krishna
Holding
Noticees 1-8 were not found to have violated Section 2(i) of the SCRA as their payment delays were attributable to procedural delays from different locations, while Noticees 9 and 10 were found to have violated Section 2(i) of the SCRA read with SEBI Notification S.O. 184(E) and Sections 16, 13 and 18 of the SCRA, and were each imposed a penalty of Rs. 10,000.
Full text
Adjudication Order in respect of Kavita Gupta and 9 Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 2 of 20
Adjudication Order in respect of Kavita Gupta and 9 Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 3 of 20
Adjudication Order in respect of Kavita Gupta and 9 Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 4 of 20
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Source: SecMarx — sebi:Order/MC/VS/2021-22/13148-13157. 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.