sebi:Order/AK/DS/2025-26/31472-31476
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Facts / Headnote
Penalty imposed on all five Noticees jointly and severally for violation of SEBI WTM Order dated March 07, 2014
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Parties
- M/s Royal Twinkle Star Club Private Limited
- Mr. Omprakash Basantlal Goenka
- Mr. Prakash Ganpat Utekar
- Mr. Venkatraman Natrajan
- Mr. Narayan Shivram Kotnis
Holding
The Noticees failed to comply with the directions of the SEBI WTM Order dated March 07, 2014 by collecting funds from investors after being prohibited from doing so, and a penalty of ₹50,00,000 is imposed jointly and severally on all five Noticees under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in the matter of Royal Twinkle Star Club Private Limited Page 2 of 19 Noticee No. Noticee Name PAN 1 M/s Royal Twinkle Star Club Private Limited AAECR0618L 2 Mr. Omprakash Basantlal Goenka AECPG3854J 3 Mr. Prakash Ganpat Utekar AALPU9100E 4 Mr. Venkatraman Natrajan ACUPV4686K 5 Mr. Narayan Shivram Kotnis ABIPK5022D (Noticees 1, 2, 3, 4 and 5 are hereinafter individually referred to by their names or respective Noticee No.s mentioned in the table above and collectively referred to as “the Noticees”)
Adjudication Order in the matter of Royal Twinkle Star Club Private Limited Page 3 of 19 was acceded to and vide email dated May 23, 2025, Noticees 2, 3 and 4 were given an opportunity to appear for the hearing on June 10, 2025.
Adjudication Order in the matter of Royal Twinkle Star Club Private Limited Page 4 of 19 in appeal and claim non- receipt of notice and do not appear and/or submit reply to SCN but claim violation of principles of natural justice due to not being provided opportunity to reply to SCN or not provided personal hearing. This leads to unnecessary and avoidable loss of time and resources on part of all concerned and should be eschewed, to say the least. Hence, this case is being decided on basis of material before this Tribunal...”
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Source: SecMarx — sebi:Order/AK/DS/2025-26/31472-31476. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.