sebi:WTM/MB/IVD/ID2/13175/2021-22
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Facts / Headnote
Allegations in the SCN not established; no penalty or directions issued against the Noticees.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12A
- s. 15G
Regulations
- Reg. 3
- Reg. 2
- Reg. 4(1)
- Reg. 2(1)(d)(i)
- Reg. 2(1)(n)
- Reg. 2(1)(g)(i)
Parties
- E-City Hi-Tech Projects LLP (Noticee No. 1)
- Mr. Atul Goel (Noticee No. 2)
Holding
The Noticees were held not to be 'insiders' under regulation 2(1)(g)(i) of the PIT Regulations, as neither was found to be a 'connected person' associated with ZEEL with access to UPSI; consequently, the allegations of insider trading under the PIT Regulations and SEBI Act were not established.
Full text
Order in respect of E-City Hi-Tech Projects LLP and Mr. Atul Goel in the matter of Zee Entertainment Enterprises Ltd. Page 2 of 29
Order in respect of E-City Hi-Tech Projects LLP and Mr. Atul Goel in the matter of Zee Entertainment Enterprises Ltd. Page 3 of 29
Order in respect of E-City Hi-Tech Projects LLP and Mr. Atul Goel in the matter of Zee Entertainment Enterprises Ltd. Page 4 of 29
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Source: SecMarx — sebi:WTM/MB/IVD/ID2/13175/2021-22. 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.