It was alleged that DCB had indulged in fraudulent and unfair trade practices in the scrip of Sunrise Asian Ltd.
In a separate settlement order passed on Thursday, ECP III FVCI Pte Ltd settled a case of alleged violation of takeover norms by paying Rs 12.16 lakh towards the settlement charges in the matter of Indostar Capital Finance Ltd.
It was alleged that ECP III FVCI Pte Ltd had made delayed disclosures with respect to the acquisition of shares in Indostar Capital Finance.
The summons was issued to seek details about the utilisation of the loan/ investment proceeds along with documentary evidence in the matter of Dwitiya Trading Ltd.
According to another order passed on Friday, a fine of Rs 5 lakh has been imposed on Shell Business Pvt Ltd for violating norms.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.