sebi:WTM/MPB/SEBI/ISD/16/2018

SEBI · SEBI · 2017-08-07 · Madhabi Puri Buch, Whole Time Member

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Facts / Headnote

Directions issued against LLCL vide interim order dated October 6, 2017 confirmed

Provisions invoked

• s. 19

Parties

• Landmarc Leisure Corporation Ltd.

Holding

The directions issued against Landmarc Leisure Corporation Ltd. (LLCL) vide the interim order dated October 6, 2017 are confirmed, as the facts and circumstances have not changed adequately to justify discontinuation, modification, or revocation of those directions.

Full text

Order in the matter of Landmarc Leisure Corporation Ltd. Page 2 of 11 LLCL to withdraw the appeal with liberty to pursue the representation filed before SEBI against the said letter dated August 7, 2017. Hon’ble SAT directed SEBI to dispose of the representation of LLCL as expeditiously as possible and in any event within a period of four weeks from September 11, 2017. Hon’ble SAT also held that passing of any order on the representation made by the appellant would not preclude SEBI from further investigating the matter and initiate appropriate proceedings if deemed fit.

Order in the matter of Landmarc Leisure Corporation Ltd. Page 3 of 11 MoU. The said handover date was modified to September 07, 2013 as per addendum dated March 30, 2009. Further, as per the second addendum to MoU dated August 17, 2013, the handover date was again modified to March 20,

Order in the matter of Landmarc Leisure Corporation Ltd. Page 4 of 11 transaction entry showing refund receipt of the balance Rs. 5 crore based on the addendum 1 to the MoU dated March 30, 2009.

Source: SecMarx — sebi:WTM/MPB/SEBI/ISD/16/2018. 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.