sebi:SO/SM/DD/2021-22/6436-6442
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Facts / Headnote
Settled - adjudication proceedings disposed of on settlement terms
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 3(a)
- Reg. 23(1)
- Reg. 3(1)
- Reg. 201
Parties
- Yes Bank Limited
- Shri Ashish Agrawal
- Shri Niranjan Banodkar
- Shri Sanjay Nambiar
- Shri Devamalya Dey
- Shri Rajat Monga
- Shri Shivanand Shettigar
Holding
The instant adjudication proceedings initiated against Applicants vide SCN dated October 26, 2020 are disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations on the basis of the settlement terms upon payment of Rs.1,65,37,500 on jointly and several liability basis.
Full text
Settlement Order in the matter of Yes Bank Limited Page 2 of 5 after referred to as ‘Applicant 3’), Shri. Sanjay Nambiar (herein after referred to as ‘Applicant 4’), Shri. Devamalya Dey (herein after referred to as ‘Applicant 5’), Shri. Rajat Monga (herein after referred to as ‘Applicant 6’) and Shri. Shivanand Shettigar (herein after referred to as ‘Applicant 7’). Applicants 1 to 7 collectively to be referred to as “Applicants”.
Settlement Order in the matter of Yes Bank Limited Page 3 of 5 functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public.”
Settlement Order in the matter of Yes Bank Limited Page 4 of 5 Name of Entity PAN Date of settlement application no. Settlement reference No. Shri. Ashish Agrawal ABDPA8107E 6437/2021 Shri. Niranjan Banodkar AJBPB5215E 6438/2021 Shri. Sanjay Nambiar AFTPG9968H 6439/2021 Shri. Devamalya Dey ACMPD5987B 6440/2021 Shri. Rajat Monga ABOPM6135F 6441/2021 Shri. Shivanand Shettigar AAIPS3741G 6442/2021
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Source: SecMarx — sebi:SO/SM/DD/2021-22/6436-6442. 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.