sebi:SO/SV/DP/2023-24/7182

SEBI · SEBI · 2023-08-30 · Shashikumar Valsakumar, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings disposed of pursuant to settlement

Provisions invoked

Regulations

Parties

Holding

The adjudication proceedings initiated against the Noticee vide SCN No. EAD-9/VV/AK/2453/1-5/2023 dated January 30, 2023 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 ₹ 11,05,000/-.

Full text

------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Binny Limited Page 2 of 3

------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Binny Limited Page 3 of 3

Subsequently, on his transfer the undersigned was appointed as the Adjudicating Officer vide communique dated August 30, 2023.

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Source: SecMarx — sebi:SO/SV/DP/2023-24/7182. 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.