sebi:SO/EFD-2/SD/205/MAR/2018
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Facts / Headnote
Settled
Regulations
- Reg. 17
- Reg. 15
Parties
- INEOS Styrolution Group GMBH
Holding
The proposed adjudication proceedings against INEOS Styrolution Group GMBH for the alleged default were settled and disposed of upon payment of settlement charges, and SEBI shall not initiate any enforcement action against the applicant for the said default.
Full text
Settlement order in respect of INEOS Styrolution Group GMBH Page 2 of 2 ICICI Bank has remitted `11,14,932/- (Rupees Eleven Lakh Fourteen Thousand Nine Hundred Thirty Two only) towards the settlement charges.
5. Accordingly, the proposed adjudication proceedings for the alleged default 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 default.
6. In view of the above, in terms of regulations 15 and 19 of the Settlement Regulations, it is hereby ordered that: i. this order disposes of the said proposed adjudication proceedings in respect of the applicant as mentioned above and;
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Source: SecMarx — sebi:SO/EFD-2/SD/205/MAR/2018. 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.