sebi:WTM/SR/IVD-ID-7/21/03/2017
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Confirmed - directions issued vide interim order dated June 16, 2016 shall continue to be in force till further directions subject to outcome of investigation
Provisions invoked
- s. 11
- s. 11(4)
- s. 19
Holding
In exercise of powers under Sections 11(1), 11(4) and 11B read with Section 19 of the SEBI Act, the Whole Time Member confirmed the ad-interim ex-parte order dated June 16, 2016 against the eighteen Noticees, including impoundment of Rs.27,44,34,765 jointly or severally and restraint on disposal of assets, to continue till further directions subject to outcome of fresh investigation.
Full text
Page 2 of 32 Kothari), Ms. Prativa Kothari (Prativa Kothari), Neelanchal Mercantile Private Limited (Neelanchal) and its Directors, viz., Mr. Surendra Agarwala (Surendra Agarwala), Mr. Bhupendra Kumar Dhanuka (Bhupendra Dhanuka), Divyadrsihti Merchants Private Limited (DDM) and Divyadrishti Traders Private Limited (DDT) and the Directors of DDM and DDT, viz., Mr. Debasis Mishra (Debasis Mishra), Mr. Rajesh Kumar Agarwal (Rajesh Agarwal), Mr. Kinkar Bhattacharya (Kinkar Bhattacharya) and Mr. Sukanta Chatterjee (Sukanta Chatterjee). All the said four directors are common for both DDM and DDT. The aforesaid entities are hereinafter referred to individually by their respective names and collectively as the Noticees. Vide the aforesaid Order, it was inter alia directed as under:
Page 3 of 32 Overseas Limited (Bang), Shree Precoated Steels Limited (SPSL) (now known as Ajmera Realty & Infra Limited) and Temptation Foods Limited (Temptation).
Page 4 of 32 (in `crores) Serial no. Name of Entity Amount Received from debarred entities Amount Transferred to brokers Proportion of the funds received from debarred entities that are transferred to brokers for trading
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/SR/IVD-ID-7/21/03/2017. 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.