https://ift.tt/2IVHF6y

To recover dues worth Rs 39 crore, markets regulator Sebi has ordered attachment of 26 properties of Utkarsha Plotters & Multi Agro Solutions India and its directors in a case related to illegal fund raising. The properties being attached are agricultural as well as non-agricultural land parcels, commercial shop and bungalow located in Maharashtra, the Securities and Exchange Board of India (Sebi) said in an order. The regulator also prohibited entities concerned "from taking any benefit under such disposal, transfer, alienation or charge in respect of the properties, which stands attached in execution of recovery certificate". The move comes after the markets regulator, in September, attached the bank and demat accounts of the company and its directors. However, they failed to pay dues. "Further, the amount available in the banks/value of holding in the demat accounts is approx Rs 2.49 lakh only as against the total dues of Rs 38.76 crore with returns due to investors, along with

from Markets https://ift.tt/2SNEz5T

Comments

Post a Comment

Popular posts from this blog

MPL accuses ASCI of 'tampering' with ads

Mumbai: Galactus Funware Technology, the parent company of online gaming platform MPL (Mobile Premier League), has issued a legal notice to the Advertising Standards Council of India (ASCI), demanding the immediate withdrawal of a whitepaper titled 'Examining Opinion Trading in India' and seeking ₹50 crore in damages for alleged defamation and loss of goodwill.The legal notice, dated May 23, 2025, sent through their legal counsel Trilegal, accuses ASCI of publishing a "biased and unsubstantiated" whitepaper that relies on "tampered" versions of MPL's advertisements and misrepresents their content to mislead consumers.Edited screenshotsGalactus Funware claims that the ASCI whitepaper, published in May 2025, deliberately edited screenshots of their advertisements to support a "baseless conclusion" that opinion trading involves an "element of risk" and "chances of financial losses".The notice highlights specific instances of al...
Read more