sebi:WTM/SM/IVD/ID2/14409/2021-22

SEBI · SEBI · 2016-07-12 · S. K. Mohanty, Whole Time Member

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Enquiry proceedings initiated against the Noticee vide SCN dated April 19, 2021 disposed of without any direction.

Provisions invoked

Regulations relied on

Parties

Holding

The enquiry proceedings against Parklight Securities Pvt. Ltd. in the Tijaria Polypipes Ltd. IPO matter are disposed of without any direction, as the charge of aiding and abetting the Company in siphoning IPO proceeds cannot sustain following the Hon'ble SAT's findings that diversion of IPO proceeds was not sustainable.

Full text

__________________________________________________________________________________________ Final Order in respect of Parklight Securities Pvt. Ltd. in the IPO matter of Tijaria Polypipes Ltd. Page 2 of 12

__________________________________________________________________________________________ Final Order in respect of Parklight Securities Pvt. Ltd. in the IPO matter of Tijaria Polypipes Ltd. Page 3 of 12

__________________________________________________________________________________________ Final Order in respect of Parklight Securities Pvt. Ltd. in the IPO matter of Tijaria Polypipes Ltd. Page 4 of 12

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Source: SecMarx — sebi:WTM/SM/IVD/ID2/14409/2021-22. 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.