sebi:SO/EFD-2/SD/148/JUNE/2017
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Facts / Headnote
Settlement order disposing of adjudication proceedings against the applicant
Regulations
- Reg. 17
- Reg. 15
Parties
- Hotel Polo Towers Pvt Ltd
Holding
The adjudication proceedings initiated against Hotel Polo Towers Pvt Ltd in the matter of Nyssa Corporation Ltd. (Formerly Known as Ravinay Trading Co. Ltd.) are settled qua the applicant upon payment of settlement charges of Rs. 14,25,900/-, and SEBI shall not initiate enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of Hotel Polo Towers Pvt Ltd in the matter of Nyssa Corporation Ltd. (Formerly Known as Ravinay Trading Co. Ltd.) Page 2 of 2
4. The applicant vide Demand Draft no. 002241 dated May 12, 2017, drawn on IDBI Bank, payable at Mumbai has remitted a sum of `14, 25,900/-(Rupees Fourteen Lakh Twenty Five Thousand Nine Hundred Only) towards the settlement charges.
5. Accordingly, the adjudication proceedings initiated against the applicant and the possible proceedings for other violations as discussed in paragraph 1 above, are settled qua the applicant as per the above terms, by way of this order and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
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Source: SecMarx — sebi:SO/EFD-2/SD/148/JUNE/2017. 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.