sebi:VKV/DL/AO-16/2016
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Facts / Headnote
Matter disposed of - adjudication proceedings initiated vide SCN dated December 18, 2015 cannot be proceeded with
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 446
- s. 391
Parties
- M/s Siddhartha Spinfab Ltd.
Holding
The adjudication proceedings initiated against the Noticee vide SCN dated December 18, 2015 cannot be proceeded with and the matter is accordingly disposed of.
Full text
Adjudicating Order in respect of M/s Siddhartha Spinfab Ltd. February 05, 2016 Page 2 of 5 SCORES in terms of the Circular and advising the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest. Both the above mentioned letters returned undelivered.
Adjudicating Order in respect of M/s Siddhartha Spinfab Ltd. February 05, 2016 Page 3 of 5 7. The said SCN No. SEBI/NRO/AO/VKV/DL/SCN/2255/2015 dated December 18, 2015 was sent at the known office address (s) at“605, DeepShikha, 8, Rajendra Place, New Delhi- 110008” of the Noticee through Postal Department. However, the same was undelivered.
Adjudicating Order in respect of M/s Siddhartha Spinfab Ltd. February 05, 2016 Page 4 of 5 12. In order to examine the maintainability of the present adjudication proceedings against the Noticee, it will be appropriate to refer to Section 446 of the Companies Act, 1956, which reads as under:
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Source: SecMarx — sebi:VKV/DL/AO-16/2016. 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.