sebi:VKV/DL/AO-55/2016
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Facts / Headnote
Disposed of - adjudication proceedings cannot be proceeded with
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 446
- s. 391
Parties
- M/s Viniyoga Clothex Limited
Holding
The adjudication proceedings initiated against the Noticee could not be proceeded with because the Noticee was under liquidation and Section 446 of the Companies Act, 1956 bars legal proceedings against a company under winding up without leave of the Tribunal.
Full text
Adjudication Order in respect of M/s Viniyoga Clothex Limited February 23, 2016 Page 2 of 5 against a company was uploaded by SEBI in the SCORES, it amounted to calling upon by SEBI to such company to redress the investor grievance. Accordingly, it was incumbent upon such company to redress the investor complaint. It was observed that twelve (12) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order in respect of M/s Viniyoga Clothex Limited February 23, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI/NRO/AO/VKV/DL/226/2016 dated February 02, 2016 was sent at the registered office address(s) of the Noticee through Postal Department. Noticee failed to submit any reply to the SCN.
Adjudication Order in respect of M/s Viniyoga Clothex Limited February 23, 2016 Page 4 of 5 "Section 446 of the Companies Act, 1956
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Source: SecMarx — sebi:VKV/DL/AO-55/2016. 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.