sebi:Order/SPV/DT/2022-23/24390-24396
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Facts / Headnote
Noticee No.1 found to have violated PFUTP Regulations, LODR Regulations, SCRA and SEBI Act; monetary penalties imposed on noticees under sections 15A(a), 15HB of SEBI Act and sections 23E and 23H of SCRA, with enforcement of section 23E penalty subject to outcome of Civil Appeal No. 4741 of 2021 before Supreme Court.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 12A
- s. 21
- s. 15H
- s. 15J
- s. 11C
- s. 12
- s. 28A
- s. 23
- s. 23E
- s. 23H
- s. 11C(3)
- s. 133
- s. 14
Regulations
- Reg. 4
- Reg. 4(2)
- Reg. 4(2)(f)
- Reg. 18(3)
- Reg. 33
- Reg. 4(1)
- Reg. 21
- Reg. 4(1)(c)
- Reg. 25(5)
- Reg. 25
- Reg. 32(1)
Parties
- Manpasand Beverages Limited
- Dhirendra Singh
- Abhishek Singh
- Paresh Thakker
- Dhruv Agrawal
- Chirag Doshi
- Milind Babar
Holding
The Adjudicating Officer held that Manpasand Beverages Limited and connected noticees violated SEBI Act, PFUTP, LODR and SCRA provisions and imposed monetary penalties, holding IBC moratorium does not bar adjudication of liability.
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