Citrus Check Inns Limited

SAT-appeal

• SEBI prima facie treated the appellants' business as a Collective Investment Scheme under Section 11AA of the SEBI Act.
  Appellants to file their reply on or before 10 August 2015. · SEBI WTM to hear the appellants by 13 August 2015 and pass and communicate an order by 24 August 2015.
  Appeal: Appeal Nos. 336 of 2015 and 359 of 2015 disposed of together on 6 August 2015, without costs.
• Alleged non-compliance with SEBI’s directions prohibiting Citrus Check Inns Limited and its directors from collecting money under schemes or launching new schemes while conducting CIS activities.
  Appeals challenge the AO’s ex parte order dated December 28, 2018 imposing ₹50 lakh penalty jointly and severally. · Tribunal considered appellants’ natural-justice challenge based on alleged non-service of SCN, hearing notices and impugned order.
  Appeal: Appeal Nos. 371, 372 and 374 of 2025 under Section 15T; order pronounced June 15, 2026; final disposal outcome is not included in the supplied extract.
• Alleged operation of unregistered Collective Investment Scheme by collecting money from members under existing and new schemes.
  Appellants to file reply, if any, on or before August 10, 2015 · WTM of SEBI to hear appellants on or before August 13, 2015 on sustainability of prima facie view
  Appeal: Appeal Nos. 336 of 2015 and 359 of 2015 heard together and disposed of on 06.08.2015 by common order