sebi:SO/AK/JR/2025-26/7975
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated June 11, 2024 disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of settlement terms
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- Brookprop Management Services Private Limited
Holding
The instant adjudication proceedings initiated against Brookprop Management Services Private Limited vide SCN dated June 11, 2024 is disposed of on the basis of settlement terms upon payment of INR 20,47,500 as settlement amount.
Full text
--------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Thematic Inspection of REIT NDFC – Brookfield REIT Page 2 of 3 Applicant for alleged violation of the aforesaid provisions. Briefly stated, it was, inter alia, observed and alleged in respect of the Applicant that it had made use of borrowed funds for facilitating distribution of Net Distributable Cash Flow (hereinafter referred to as “NDCF”).
--------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Thematic Inspection of REIT NDFC – Brookfield REIT Page 3 of 3
4. Pending Adjudication Proceedings, the Applicant proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law, through a settlement order and filed a settlement application with SEBI bearing Settlement Application No. 7975/2024 dated July 26, 2024, in terms of the provisions of SEBI (Settlement Proceedings) Regulations, 2018 (hereinafter referred to as “Settlement Regulations”).
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Source: SecMarx — sebi:SO/AK/JR/2025-26/7975. 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.