MVL Limited & Ors.
Penalties and directions recorded
- Particulars required under paragraph 10(d) to be furnished to SEBI within two weeks from 18 March 2015.
- Misc. Application No. 634 of 2019 allowed on payment of costs of Rs. 50,000
SAT-appeal
- Collection of monies by MVL Limited from investors under India Business Centre (IBC) project, subject to refund and restraint directions in SEBI impugned order para 10.SEBI reply within 6 weeks from 18.03.2015; rejoinder, if any, within 4 weeks thereafter. · Appeals placed for hearing at admission stage on 1 July 2015 by consent.Appeal: Appeal Nos.157 and 158 of 2015 pending before SAT; Misc. Applications 111 & 112 of 2015 disposed of on 18.03.2015; next hearing 01.07.2015
- SAT matter SATV-6FCB1D85E0571B13C18E9107SEBI to file affidavit-in-reply within six weeks from 18 March 2015. · Rejoinder, if any, to be filed within four weeks thereafter.Appeal: Appeal Nos. 157 and 158 of 2015 were pending; listed for admission hearing on 1 July 2015.
- SAT matter SATV-A1C6911DC693B545F73A8477Recall of SAT order dated November 4, 2019 dismissing Appeal No. 157 of 2015 for want of prosecution · Misc. Application No. 634 of 2019 allowed on payment of costs of Rs. 50,000Appeal: Misc. Application No. 634 of 2019 in Appeal No. 157 of 2015 allowed on 03.01.2020; appeal restored for hearing on 28.01.2020
- Collection of monies by MVL Limited from investors under India Business Centre (IBC) project per impugned SEBI orderRefund of monies collected under IBC project per para 10(b) extended till next hearing · Para 10(c) restraint on alienation clarified as limited to IBC project assets onlyAppeal: Appeal Nos. 157 and 158 of 2015 pending before SAT; posted for admission hearing on 1 July 2015; Misc. Applications Nos. 111 & 112 of 2015 disposed of on 18 March 2015
Source: SecMarx — MVL Limited & Ors.. 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.