sebi:WTM/AB/IVD/ID1/16906/2022-23
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Facts / Headnote
Interim order dated September 15, 2021 and confirmatory order dated March 28, 2022 revoked in respect of Shri Abhay Bhutada only, with immediate effect.
Provisions invoked
- s. 19
Parties
- Abhay Bhutada
Holding
SEBI revoked the interim order dated September 15, 2021 and the confirmatory order dated March 28, 2022 against Shri Abhay Bhutada (PAN: AMIPB8540L) only, with immediate effect. The revocation does not extend to the other 7 entities, against whom proceedings remain ongoing.
Full text
Revocation Order in the matter of Magma Fincorp Limited (now known as Poonawalla Fincorp Limited) Page 1 of 2 WTM/AB/IVD/ID1/16906/2022-23
Revocation Order in the matter of Magma Fincorp Limited (now known as Poonawalla Fincorp Limited) Page 2 of 2 alia, restraining 8 entities, including Shri Abhay Bhutada, the Managing Director and CEO of Poonawalla Finance Pvt. Ltd. (a subsidiary company of RSHPL), from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, until further orders.
SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: ANANTA BARUA, WHOLE TIME MEMBER ORDER Under Sections 11(1), 11(4) and 11B of Securities and Exchange Board of India Act, 1992 In respect of:
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Source: SecMarx — sebi:WTM/AB/IVD/ID1/16906/2022-23. 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.