sebi:VSS/AO-205/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 65
Regulations
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 200
- Reg. 4(2)
Parties
- AL
- Shri Rajhoo Bbarot
Holding
On the counts excerpted, the announcements relating to new real estate projects were held not misleading, and the alleged nexus between the Noticees and the Manish Marwah/Dilip Nabera group was held not established, so that group's trading could not be attributed to the Noticees.
Full text
Page 2 of 33 1.20 crores prior to IPO issue was under lock-in for a period of one year out of which 33.48 lakh shares held by the promoters are under 3 years lock-in period.
Page 3 of 33 to as “MMDN/MMDN Group Companies”) had nexus with the Noticees and traded in the scrip of AL. (c) AL mis-used the funds raised by preferential issue of convertible warrants.
Page 4 of 33 and penalty be not imposed under section 15HA of SEBI Act for the alleged violations specified in the said SCNs.
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Source: SecMarx — sebi:VSS/AO-205/2009. 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.