sebi:Order/MC/VS/2021-22/14547-14554
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Facts / Headnote
Alleged violations against Noticees 1-6 and 8 not established; Noticee 7 found liable and penalized Rs. 20,000
Provisions invoked
- s. 15
- s. 13
- s. 16
- s. 23H
- s. 18
- s. 23
- s. 17
- s. 23J
- s. 29A
Parties
- Tirath Ram
- Sanjeev Kumar and Sons HUF
- Simla Rani
- Anju Gupta
- Nishant Khandelwal
- Shweta Khandelwal
- Sonika Granites Private Limited (now known as Madhav Power Private Limited)
- G.P. Singh HUF
Holding
The alleged violations of Section 16 of the SCRA read with SEBI Notification S.O. 184(E) dated March 1, 2000, and Sections 13 and 18 of the SCRA read with Section 2(i) of the SCRA against Noticees 1-6 and 8 were not established. Noticee 7 (Sonika Granites Private Limited) was found to have violated the said provisions and was imposed a penalty of Rs. 20,000 under Section 23H of the SCRA.
Full text
Adjudication Order in respect of Tirath Ram and Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 2 of 21
Adjudication Order in respect of Tirath Ram and Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 3 of 21
Adjudication Order in respect of Tirath Ram and Ors. in the matter of Golden Legand Leasing and Finance Ltd. Page 4 of 21
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Source: SecMarx — sebi:Order/MC/VS/2021-22/14547-14554. 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.