https://www.taxtmi.com/caselaws?id=433307 The Settlement Scheme, 2022 was confined to entities against whom enforcement proceedings had been approved or initiated and were still pending before the specified fora. Where the adjudication had already attained finality and only recovery of penalty remained, the matter fell outside the Scheme's eligibility conditions. Regulation 5 of the SEBI (Settlement Proceedings) Regulations, 2018 also excluded settlement where sums due under a securities-law order were liable for recovery. On that basis, the Delhi High Court declined to direct SEBI to open or enable the payment link or accept settlement payment, and the petitioner was held not entitled to the Scheme's benefit. en-us Fri, 20 Jan 2023 00:00:00 +0530 Fri, 27 Jan 2023 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433307 The Settlement Scheme, 2022 was confined to entities against whom enforcement proceedings had been approved or initiated and were still pending before the specified fora. Where the adjudication had already attained finality and only recovery of penalty remained, the matter fell outside the Scheme's eligibility conditions. Regulation 5 of the SEBI (Settlement Proceedings) Regulations, 2018 also excluded settlement where sums due under a securities-law order were liable for recovery. On that basis, the Delhi High Court declined to direct SEBI to open or enable the payment link or accept settlement payment, and the petitioner was held not entitled to the Scheme's benefit. Case-Laws SEBI Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433307