Case Law Details
Case Name : Mr. Nimain Charan Biswal (Securities And Exchange Board Of India)
Related Assessment Year :
Courts :
Securities Appellate Tribunal
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Trupti Upadhyay
Introduction
In one of the recent rulings of the Securities Appellant Tribunal (’Tribunal’), Mumbai, the interim order passed by SEBI in the matter of Neesa Technologies Limited(‘Company’) has been quashed qua one of the directors i.e. Mr. Nimain Charan Biswal who had joined and resigned from the directorship of the Company before the issuance of Non-convertible Debentures (NCDs),the subject matter of the case.This write up contains a brief analysis of the aforesaid ruling of the Tribunal.
Facts of the caseplaced before SEBI
Mr. Nimain Biswal (the “Appellant”) was a...
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Very well written