sebi:Order/VV/JR/2019-20/6362
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Facts / Headnote
Abated - SCN dated January 20, 2012 disposed of without going into merits
Provisions invoked
- s. 15H
Holding
The adjudication proceedings initiated against the Noticee by SCN dated January 20, 2012 abate upon the Noticee's death on December 24, 2015. The SCN is therefore disposed of without going into the merits of the case.
Full text
In the matter of Pyramid Saimira Theatre Limited Page 2 of 3 undersigned has been appointed as the Adjudicating Officer in the matter vide
In the matter of Pyramid Saimira Theatre Limited Page 3 of 3 7. The Hon’ble Securities Appellate Tribunal has also held in Chandravadan J Dalal Vs. SEBI that “The appeal abates since the appellant during the pendency of the appeal died on 29th November, 2004. The appeal accordingly abates”.
order dated August 13, 2019. SHOW CAUSE NOTICE, REPLY AND HEARING 3. Based on the findings by SEBI, Show Cause Notice dated January 20, 2012 (hereinafter referred to as ‘SCN”) was issued to the Noticee under rule 4 of the Rules to show cause as to why an inquiry should not be initiated against the Noticee and penalty not be imposed upon it under Section 15HA of SEBI Act for the alleged Violations.
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Source: SecMarx — sebi:Order/VV/JR/2019-20/6362. 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.