sebi:SO/AS/DP/2024-25/7350
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Facts / Headnote
Disposed of in terms of section 15JB read with regulation 23(1) on the basis of settlement terms without admitting or denying findings
Provisions invoked
- s. 12A
- s. 15G
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 3(1)
Parties
- Shri Sidhant Chandalia
Holding
The adjudication proceedings initiated against Shri Sidhant Chandalia vide SCNs dated June 22, 2023 and July 28, 2023 for alleged communication of UPSI are disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on payment of Rs. 50,70,000 as settlement amount without admitting or denying findings.
Full text
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of trading activities by certain entities in the scrip of PNB Housing Finance Ltd Page 2 of 3
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of trading activities by certain entities in the scrip of PNB Housing Finance Ltd Page 3 of 3
3. A Show Cause Notice Ref. No. SEBI/HO/EAD/EAD/P/OW/2023/0000025187/1 dated June 22, 2023 read with Supplementary Show Cause Notice Ref. No. SEBI/HO/EAD/EAD/P/OW/2023/0000030392/1 dated July 28, 2023 (hereafter referred to as “SCNs”) were issued to Noticee in terms of the provisions of Rule 4 of the Adjudication Rules, 1995 calling upon the Noticee to show cause why an inquiry should not be held and
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Source: SecMarx — sebi:SO/AS/DP/2024-25/7350. 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.