sebi:SO/EFD-2/CSD/253/DEC/2018
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Facts / Headnote
Settled
Provisions invoked
- s. 15J
Regulations
- Reg. 17
- Reg. 15
Parties
- Orthia Properties Private Limited
- Zelkova Builders Private Limited
- Orthia Constructions Private Limited
- Innus Properties Private Limited
- Innus Developers Private Limited
- Shri Sameer Gehlaut
Holding
The proposed adjudication proceedings for the alleged default in the matter of Indiabulls Ventures Limited are settled qua the six applicants upon payment of Rs. 47,93,473 towards settlement charges, and SEBI shall not initiate any enforcement action against them for the said default.
Full text
Settlement order in the matter of Orthia Properties Private Limited, Zelkova Builders Private Limited, Orthia Constructions Private Limited, Innus Properties Private Limited, Innus Developers Private Limited, and Shri Sameer Gehlaut in the matter of Indiabulls Ventures Limited. Page 2 of 2
4. The applicants vide the following Demand Drafts has remitted ₹47,93,473/-(Rupees Forty Seven Lakh Ninety Three Thousand Four Hundred Seventy Three Only) towards the settlement charges as detailed hereunder:
Sl. No. DD No. DD Date Bank Amount (₹) 1 584559 29/11/2018 HDFC Bank Limited 1,93,473.00 2 107121 29/11/2018 HDFC Bank Limited 9,30,000.00 3 107122 29/11/2018 HDFC Bank Limited 9,00,000.00 4 107140 29/11/2018 HDFC Bank Limited 9,10,000.00 5 107141 29/11/2018 HDFC Bank Limited 9,25,000.00 6 107142 29/11/2018 HDFC Bank Limited 9,35,000.00
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Source: SecMarx — sebi:SO/EFD-2/CSD/253/DEC/2018. 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.