Settlement applications not to be revived if applicant itself withdrew same but fresh application could be filed: HC

COMPANY LAW/SEBI : Where issued a show cause notice under Section 11B of the SEBI Act, 1992 on noticing fraud committed by petitioner company in issue of Global Depository Receipts (GDRs) within meaning of regulation 4 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 and applicant filed application for settlement in terms of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014, however

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