2022 (5) TMI 659

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..... Anup Jain, Adv. Mr. Ashok Kr. Jain, Adv. Mr. Praneet Das, Adv. M/S Expletus Legal, AOR For Respondent(s) Mr. Pesimodi, Sr. Adv. Mr. Lakshmeesh S. Kamath, AOR Mr. Joby Mathew, Adv. Mr. Neville Lashkari, Adv. Ms. Samriti Ahuja, Adv. O R D E R Having heard learned counsel for the appellant-Securities and Exchange Board of India ('SEBI') and having perused the material placed on record, we find abs .....

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..... violation of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Adjudicating Officer, ultimately, proceeded to penalise the present respondents with a cumulative sum of Rs. 35 lakhs for the alleged violation of the said Regulation 23. The Securities Appellate Tribunal has not approved this order passed by the Adjudi .....

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