sebi:WTM/GM/EFD/DRA-I/59/2018-19

SEBI · SEBI · 2014-07-31 · G. Mahalingam, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Disgorgement of Rs.4,55,91,232 directed against Noticee nos. 1, 2, 3, 5 and 7-24 collectively; Noticee no. 4 (Vinay Talwar) and Noticee no. 6 (J.P. Madaan) held not liable to disgorge; no restitution to complainants directed.

Provisions invoked

s. 11B
s. 19

Regulations

Reg. 3

Holding

Noticee nos. 1, 2, 3, 5 and 7-24 collectively made ill-gotten gains of Rs.4,55,91,232 and are liable to disgorge the same, while Shri Vinay Talwar (Noticee no.4) and Shri J.P. Madaan (Noticee no.6) are not liable to disgorge as no monetary benefit accrued to them.

Full text

___________________________________________________________________________ In the matter of Vital Communications Limited Page 2 of 23

___________________________________________________________________________ In the matter of Vital Communications Limited Page 3 of 23

___________________________________________________________________________ In the matter of Vital Communications Limited Page 4 of 23

You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.

Free accounts include 10 searches/day with full order access.

Analyse this matter in Ontology · Plans

Source: SecMarx — sebi:WTM/GM/EFD/DRA-I/59/2018-19. 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.