SEBI order disposes of show cause notice against Hexa Tradex Limited and 14 others regarding 2014 family reorganization.
Allegations of fraudulent scheme, violation of Companies Act Section 180, and disclosure failures were not substantiated.
The order cites inordinate delay, principles of res judicata, and lack of merit in the allegations as key reasons for dismissal.
No penalties or directions were issued against any of the noticees in the final outcome.