sebi:SO/BM/GN/2023-24/7053
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated September 20, 2022 disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on settlement basis.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- Balasubramania Sivanthi Adityan
- Sri Devi Agencies Pvt Ltd.
- Chandramohan R
- Anita Kumaran
- Jayanthi Natarajan
- Gay Travels Pvt. Ltd.
- Subasri Realty Pvt. Ltd.
- Rani Printers Pvt. Ltd.
- Sovereign Media Marketing Pvt. Ltd.
- Chithan V
Holding
The adjudication proceedings initiated against the ten Applicants vide SCN dated September 20, 2022 are disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations upon acceptance of settlement terms and receipt of settlement amount of INR 2,32,05,000.
Full text
------------------------------------------------------------------------------------------------------------- Settlement Order in respect of ten entities in the matter of Aruna Hotels Limited Page 2 of 3
------------------------------------------------------------------------------------------------------------- Settlement Order in respect of ten entities in the matter of Aruna Hotels Limited Page 3 of 3
2. SEBI appointed the undersigned as the Adjudicating Officer (AO) vide communique dated May 20, 2022 under Section 15-I of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’) and Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) r/w Section 19 of the SEBI Act, 1992 to inquire into and adjudge under section 15A(b) and 15H(ii) of SEBI Act.
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Source: SecMarx — sebi:SO/BM/GN/2023-24/7053. 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.