M/s. Tricon Business Private Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Reduce penalty from Rs 15 lacs to Rs 3 lacs in each of three cases
Deposit penalty amount within six weeks
Adjudicating Officer order imposing Rs. 15 lacs penalty upheld

SAT-appeal

Failure to respond to summonses issued during SEBI investigations and failure to furnish requisite information.
Uphold findings of Adjudicating Officer · Reduce penalty from Rs 15 lacs to Rs 3 lacs in each of three cases
Appeal: Earlier SAT order dated 3 December 2009 set aside by Supreme Court and remanded for fresh hearing; present decision disposes Appeals No. 97, 98 and 104 of 2009 on 18 August 2010
Failure to comply with three investigation summons in Nageshwar Investment Ltd trading investigation - non-production of documents/information and non-appearance before Investigating Officer violating Section 11C(3) and (5).
Request for adjournment on ground of pending consent application declined · Appeal No. 97 of 2009 with connected Appeals No. 98 and 104 of 2009 dismissed on merits
Appeal: Appeal No. 97 of 2009 with connected Appeals No. 98 and 104 of 2009 dismissed on 03.12.2009

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Source: SecMarx — M/s. Tricon Business Private Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.