sebi:WTM/MPB/ISD/126/2018

SEBI · SEBI · 2017-09-04 · Madhabi Puri Buch, Whole Time Member

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Facts / Headnote

Confirmed - interim directions continued

Provisions invoked

Parties

Holding

The Whole Time Member confirmed the directions contained in the Interim Order dated September 4, 2017 read with corrigendum dated September 7, 2017 against GVFL.

Full text

Order in the matter of M/s G V Films Limited Page 2 of 2 3. The Interim Order provided for GVFL to file its reply/objections to the Interim Order within 21 days from the date of receipt of the Order and to indicate whether it desires to avail an opportunity of personal hearing. However, it is noted that GVFL has not made any reply to the Interim Order nor sought any personal hearing.

4. Therefore, at this stage, the limited issue for consideration is whether the directions in the Interim Order need to be continued, revoked or modified in any manner.

5. In this regard, I note that GVFL has not made any response to the allegations/prima facie findings/ directions in the Interim Order. Further, no material has been brought to my notice contradicting the allegations/prima facie findings contained in the Interim Order or warranting any change in the directions passed in the Interim Order. I also note that further enquiry in the matter is pending.

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Source: SecMarx — sebi:WTM/MPB/ISD/126/2018. 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.