sebi:WTM/SKM/ISD/30/2019-20
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Facts / Headnote
Proceedings disposed of without issuance of any direction; interim order directions revoked as against all Noticees.
Provisions invoked
- s. 11(1)
Holding
The proceedings against the 26 Noticees in the matter of Mentha Oil Contracts are disposed of without any further directions, and the interim order directions are revoked even as against Noticees who did not approach SAT, because the exchange deliverable stock of Mentha Oil is no longer cornered or monopolized by the Noticees and there is no compelling reason to protect the securities market at this stage.
Full text
__________________________________________________________________ Order in the matter of Mentha Oil Contracts Page 2 of 16 Sl. Name of the Entity PAN
__________________________________________________________________ Order in the matter of Mentha Oil Contracts Page 3 of 16 "41. Therefore, in order to protect the interest of investors and the integrity of the securities market, I, in exercise of the powers conferred upon me section 11(1), 11(4) and 11B read with under Sections 19 of the SEBI Act, pending Investigation, by way of this ad-interim ex-parte order, restrain the following entities/ Noticees from buying, selling or dealing in the securities market, either directly or indirectly, or being associated with securities market, in any manner, whatsoever, till further directions: -------------------------------------------------------------------------------------------------------
__________________________________________________________________ Order in the matter of Mentha Oil Contracts Page 4 of 16 into the information and trade data furnished by the exchange it was observed that the entities acquired Mentha Oil through transactions in Mentha Oil futures contracts on exchange platform as well as by way of "off-market" transfers.
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Source: SecMarx — sebi:WTM/SKM/ISD/30/2019-20. 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.