sebi:WTM/RKA/OIAE/50/2013
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Facts / Headnote
Directions issued vide Order dated August 10, 2012 against the Company and its directors revoked
Provisions invoked
- s. 19
Parties
- M/s. International Hometex Limited
- Mr. Vineet Kumar Agarwal
- Mr. Vinod Kumar Agarwal
- Mr. Vishwinder Nath Gupta
Holding
SEBI revoked the directions dated August 10, 2012 that had restrained M/s. International Hometex Limited and its directors from accessing the securities market, on the ground that all pending investor grievances had been redressed.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA ORDER In respect of M/s. International Hometex Limited and its directors, Mr. Vineet Kumar Agarwal, Mr. Vinod Kumar Agarwal and Mr. Vishwinder Nath Gupta ______________________________________________________________________________
1. The Securities and Exchange Board of India (hereinafter referred to as 'SEBI'), vide Order dated August 10, 2012 restrained and prohibited M/s. International Hometex Limited (hereinafter referred to as the 'Company') and its directors, Mr. Vineet Kumar Agarwal, Mr. Vinod Kumar Agarwal and Mr. Vishwinder Nath Gupta from accessing the securities market and buying, selling or dealing in securities, directly or indirectly, in any manner whatsoever, till all the pending investor grievances against the Company are resolved by them. The said
directions were issued as it was found that the Company had failed to redress pending investor grievances. 2. The Company has now reported that it has redressed all the pending investor grievances. SEBI has examined the submissions of the Company and is satisfied that the Company has redressed all the pending complaints. It is also placed on record that there are no pending complaints against the Company reported in SEBI Complaints Redress System (SCORES) as on November 25, 2013. It is noted that the Company has resolved all pending investors' complaints that were the cause for the issuance of the directions vide Order dated August 10, 2012, as well as other complaints against it as on November 25, 2013. Therefore, it would be in the interest of justice to discontinue the directions issued against the Company and its directors, vide Order dated August 10, 2012.
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Source: SecMarx — sebi:WTM/RKA/OIAE/50/2013. 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.