Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
The HC approved a consent arrangement resolving the dispute concerning alleged fraudulent trading in RTS securities. The petitioner committed to furnishing a fresh pay order of Rs. 25,00,000 by a specified date towards settlement charges and confirmed non-engagement in securities trading since issuance of show cause notices, fulfilling a three-year debarment condition. Consequently, the petitioner was permitted immediate access to capital markets. The respondent agreed to formalize a consent order within two weeks of receiving the pay order, leading to settlement of proceedings initiated under the show cause notices. Prior SEBI orders restraining the petitioner were rendered unenforceable. The consent order explicitly stated it neither exonerated nor implicated the petitioner regarding violations under the SEBI Act or Regulations. Pending litigation involving the petitioner and third parties was preserved for adjudication on merits by the appropriate forum.
The HC approved a consent arrangement resolving the dispute concerning alleged fraudulent trading in RTS securities. The petitioner committed to furnishing a fresh pay order of Rs. 25,00,000 by a specified date towards settlement charges and confirmed non-engagement in securities trading since issuance of show cause notices, fulfilling a three-year debarment condition. Consequently, the petitioner was permitted immediate access to capital markets. The respondent agreed to formalize a consent order within two weeks of receiving the pay order, leading to settlement of proceedings initiated under the show cause notices. Prior SEBI orders restraining the petitioner were rendered unenforceable. The consent order explicitly stated it neither exonerated nor implicated the petitioner regarding violations under the SEBI Act or Regulations. Pending litigation involving the petitioner and third parties was preserved for adjudication on merits by the appropriate forum.
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