https://www.taxtmi.com/caselaws?id=435828 The court quashed the proceedings against the petitioner in Special Case No. SEBI/27/2017, including related orders, as there was no evidence to proceed to trial. The petitioner's resignation was found valid and communicated properly, relieving him of liability for the issuance of Non-Convertible Debentures (NCD) before his directorial tenure. The court emphasized the lack of material showing the petitioner's involvement in the company post-resignation, leading to the decision to end the proceedings in the petitioner's favor. en-us Mon, 27 Mar 2023 00:00:00 +0530 Wed, 29 Mar 2023 07:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435828 The court quashed the proceedings against the petitioner in Special Case No. SEBI/27/2017, including related orders, as there was no evidence to proceed to trial. The petitioner's resignation was found valid and communicated properly, relieving him of liability for the issuance of Non-Convertible Debentures (NCD) before his directorial tenure. The court emphasized the lack of material showing the petitioner's involvement in the company post-resignation, leading to the decision to end the proceedings in the petitioner's favor. Case-Laws SEBI Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435828