Lyka Labs promoters settle case with Sebi in Rs 3.07 lakh over alleged violation of disclosure lapses
The order came after the applicants filed settlement applications for proposing to settle by neither "admitting nor denying the findings of fact and conclusions of law".;
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New Delhi: Kunal N Gandhi and Nehal N Gandhi, promoters of Lyka Labs has settled with capital markets regulator Sebi a case regarding alleged violation of disclosure lapses.
Kunal N Gandhi and Nehal N Gandhi (applicants) paid Rs 3.07 lakh as settlement charges to the regulator.
The order came after the applicants filed settlement applications for proposing to settle by neither ''admitting nor denying the findings of fact and conclusions of law''.
Read also: SEBI bans Lyka Labs for 3 years for manipulating GDR to raise Rs 37 crore
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