Life Care Real Developers Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty order dated 28 January 2019 upheld.
SEBI to consider application and pass appropriate orders; liberty to enforce impugned order if no application

SAT-appeal

Failure to comply with SEBI's direction to refund monies collected from investors through issuance of redeemable preference shares; penalty imposed for non-compliance.
Appeal No. 202 of 2019 dismissed. · Penalty order dated 28 January 2019 upheld.
Appeal: Appeal No. 202 of 2019 dismissed on 22 July 2019.
Collection of moneys by Life Care Real Developers Ltd through issuance of redeemable preference shares to investors, leading to joint and several refund direction.
Appellants jointly and severally to refund moneys collected via redeemable preference shares per WTM order · Appellants permitted to apply to SEBI by 3rd November, 2016 with modalities to refund balance in installments
Appeal: Appeal No.275 of 2016 disposed of on 25/10/2016 with leave to apply to SEBI by 03/11/2016; Misc. Application No.221 of 2016 disposed as infructuous

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Source: SecMarx — Life Care Real Developers Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.