sebi:WTM/RKA/EFD-DRA-I/153/2015
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Facts / Headnote
Interim direction dated September 20, 2007 not continued; proceedings in respect of VTL disposed of without any further directions
Provisions invoked
- s. 11
- s. 11C
Regulations
- Reg. 4
Parties
- Mr. Jalaj Batra
Holding
The interim restraint imposed on Mr. Jalaj Batra by the ex-parte interim order cum show cause notice dated September 20, 2007 in respect of Vijay Textiles Limited is not continued and the present proceedings in respect of VTL are disposed of without any further directions.
Full text
Order in the matter of Vijay Textiles Ltd. Page 1 of 3 WTM/RKA/EFD-DRA-I/153/2015 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA
Order in the matter of Vijay Textiles Ltd. Page 2 of 3 2015. The submissions of the Noticee in brief are as under: a. The summons sent were SEBI in the matter of VTL were never delivered to the Noticee and there is no acknowledgement of the delivery of the summons to the Noticee. The Noticee during the relevant period mostly stayed abroad and was travelling and was never aware of the summons. b. For alleged non- compliance of summons issued by the Investigating Officer , SEBI had already imposed monetary penalty upon him and the Adjudicating Officer, vide
Order in the matter of Vijay Textiles Ltd. Page 3 of 3 of VTL which has been paid by him. With regard to allegation of funding of trades in scrip of VTL it is noted that the said allegation was on the basis of prima facie observation which was predominantly in respect of scrip of SCL. It is also noted that the alleged default pertains to November 2006. The investigation was completed in the year 2007 and thereafter the interim
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Source: SecMarx — sebi:WTM/RKA/EFD-DRA-I/153/2015. 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.