SEBI Dismisses Vanchhit Distributors Illiquid Options Case

SEBI order disposes of adjudication proceedings against Vanchhit Distributors for alleged non-genuine trades in BSE stock options.
Noticee company was found to have a 'Strike Off' status on MCA, deemed a non-existing entity as of the order date.
Adjudicating Officer cites Companies Act 2013 and ITAT precedent, ruling proceedings against a dissolved company are invalid.
Order disposes of SCN without examining merits, allowing fresh proceedings if company is revived in future.