sebi:Order/SR/PP/2019-20/6903-6917/177-191
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated January 16, 2017 disposed without imposing any monetary penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 12
- s. 4A
- s. 149
Regulations
- Reg. 12(1)
- Reg. 199
- Reg. 12
- Reg. 12(2)
- Reg. 30
- Reg. 25(5)
- Reg. 4
- Reg. 12(I)
Parties
- Parabolic Drugs Limited
- Mr. Anil Kumar
- Mr. Inder Bir Singh Passi
- Mr. Pranav Gupta
- Mr. Vineet Gupta
- Mr. Gurpreet Singh Sndhu
- Dr. Ram Kumar
- Mr. Arun Mathur
- Mr. Pardeep Diwan
- Mr. Nikhil Goel
- Dr. Deepali Gupta
- Mr. Manmohan Lal Sarin
- Mr. Balwan Bansal
- Mr. Jagjit Singh Chahal
- Ms. Vandana Singhla
Holding
The allegations against all 15 Noticees of violation of Regulation 12(1) read with Clause 1.2 of Part A of Schedule I of PIT Regulations, 1992 read with Regulation 12 of PIT Regulations, 2015 do not stand established, and the adjudication proceedings are disposed without imposing any monetary penalty.
Full text
Adjudication order in respect of 15 entities in the matter of Parabolic Drugs Ltd. Page 2 of 16 (NSE) during the investigation period. During the course of investigation it was observed by OD that Parabolic Drugs Limited (Noticee 1), Mr. Anil Kumar (Noticee 2) , Mr. Inder Bir Singh Passi (Noticee 3), Mr. Pranav Gupta (Noticee 4), Mr. Vineet Gupta (Noticee 5), Mr. Gurpreet Singh Sndhu (Noticee 6), Dr. Ram Kumar (Noticee 7), Mr. Arun Mathur (Noticee 8), Mr. Pardeep Diwan (Noticee 9), Mr. Nikhil Goel (Noticee 10), Dr. Deepali Gupta (Noticee 11), Mr. Manmohan Lal Sarin (Noticee 12), Mr. Balwan Bansal (Noticee 13), Mr. Jagjit Singh Chahal (Noticee 14), Ms. Vandana Singhla (Noticee 15) have violated the provisions of regulation 12(1) read with clause 1.2 of Part A of Schedule I of SEBI (Prohibition of Insider Trading) Regulations, 1992 (in short PIT Regulations, 1992) read with regulation 12 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (in short PIT Regulations, 2015). Based on the said examination, OD of SEBI initiated adjudication proceedings against Noticee 1 to 15 (hereinafter collectively referred to as Noticees), to inquire into and adjudge under section 15HB of the Securities and Exchange Board of India Act, 1992 (in short the SEBI Act) for alleged violations of provisions under regulation 12(1) read with clause 1.2 of Part A of Schedule I of PIT Regulations, 1992 read with regulation 12 of PIT Regulations, 2015, and being satisfied that there are sufficient gr
Adjudication order in respect of 15 entities in the matter of Parabolic Drugs Ltd. Page 3 of 16 Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (in short AO Rules) to inquire into and adjudge under section 15HB of the SEBI Act, the said alleged violations of provisions of PIT Regulations, 1992 by the Noticees.
Adjudication order in respect of 15 entities in the matter of Parabolic Drugs Ltd. Page 4 of 16 Sl.no. Name PAN Designation Status rotation w.e.f. September 29,
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Source: SecMarx — sebi:Order/SR/PP/2019-20/6903-6917/177-191. 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.