sebi:SO/SR/EAD/04/2018
Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against the applicant vide SCN dated June 21, 2017, on payment of Rs. 6,80,000/-
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Warden Construction & Finance Limited
Holding
The adjudication proceedings initiated against Warden Construction & Finance Limited vide SCN dated June 21, 2017 are settled and disposed of upon payment of Rs. 6,80,000/- towards settlement charges.
Full text
Page 2 of 3 Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as ‘Settlement Regulations’).
Page 3 of 3 a. any representations made by the applicant in the settlement proceedings is subsequently found to be untrue; or b. the applicant breaches any of the clauses /conditions of undertakings/ waivers filed during the current settlement proceedings.
4. Pursuant to the above mentioned Consent Application made by the applicant, the Authorized Representatives of the applicant, attended a meeting with the Internal Committee on Consent wherein the settlement terms were deliberated. Thereafter, the applicant vide letter dated August 13, 2018 proposed to offer payment of Rs. 6,80,000/- (Rupees Six Lakh and Eighty Thousand Only) towards settlement terms to settle the aforesaid violations.
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Source: SecMarx — sebi:SO/SR/EAD/04/2018. 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.