Consent deal ends fraudulent trading dispute under SEBI rules, allows market access after pay order and debarment completion

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....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 exon.........