sebi:VKV/DL/AO-21/2016
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Facts / Headnote
Disposed of - adjudication proceedings cannot be proceeded with, no penalty imposed
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 446
- s. 391
Parties
- M/s Celeste International Limited
Holding
The adjudication proceedings initiated against M/s Celeste International Limited vide SCN dated April 20, 2015 cannot be proceeded with and the matter is accordingly disposed of.
Full text
Adjudicating Order in respect of M/s Celeste International Limited February 09, 2016 Page 2 of 5 commencement of processing of investor complaints in a centralized web based complaints redress system 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. However, both the letter sent returned undelivered.
Adjudicating Order in respect of M/s Celeste International Limited February 09, 2016 Page 3 of 5 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudicating Order in respect of M/s Celeste International Limited February 09, 2016 Page 4 of 5 FINDINGS 11. On perusal of the material available on record, it is observed that the Noticee is under “liquidation” as per SCORES database and after verifying the status of liquidation from the website of the Office of Official Liquidator, Delhi, I found that the Noticee was compulsory wound up by Official Liquidator vide order dated May 20, 2003.
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Source: SecMarx — sebi:VKV/DL/AO-21/2016. 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.