sebi:WTM/GM/IVD/ID1/69/2020-21
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Revocation of directions issued vide the Interim Order read with the Confirmatory Order against the 23 Noticees; substitution of ongoing Section 11/11B proceedings with adjudication proceedings or other action as deemed appropriate.
Provisions invoked
- s. 11
- s. 19
Holding
SEBI revoked the interim and confirmatory directions prohibiting the 23 Noticees from buying, selling or dealing in securities and from disseminating market-related messages, substituting the ongoing Section 11/11B proceedings with adjudication proceedings or other action as deemed appropriate.
Full text
_____________________________________________________________________________ Order in the matter of Kalpa Commercial Limited Page 1 of 3
_____________________________________________________________________________ Order in the matter of Kalpa Commercial Limited Page 2 of 3
_____________________________________________________________________________ Order in the matter of Kalpa Commercial Limited Page 3 of 3
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Source: SecMarx — sebi:WTM/GM/IVD/ID1/69/2020-21. 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.