sebi:SRP//DL/AO-89/2010
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Facts / Headnote
Proceedings abated; proceeding against Lalit C. Gandhi disposed of without going into the merits of the case.
Parties
- Lalit C. Gandhi
Holding
The proceedings against Noticee Lalit C. Gandhi are abated and disposed of without examining the merits of the case, as the proceedings were initiated against the personal acts of a person who is no longer alive to face the penalty.
Full text
2 4. The proceedings were initiated against the personal acts of a person who is no more alive to face the penalty. In light of the above, I am of the opinion that the proceedings against the Noticee are liable to be abated without going into the merit of the case. Accordingly, the proceeding against Lalit C. Gandhi is disposed of.
Date: June 30, 2010 Satya Ranjan Prasad Place: Mumbai Adjudicating Officer
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Source: SecMarx — sebi:SRP//DL/AO-89/2010. 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.