Mon. Sep 21st, 2020

Kalptaru Agro Ltd vs Sebi on 23 September, 2015

1 min read

1. The petitioners are aggrieved by the order dated 6.9.2011
passed by the learned ASJ-01/Central/Delhi in CC No.16/2010
whereby acting on an application preferred by the respondent, SEBI
under Section 216 of the Code of Criminal Procedure, the learned
Court below has converted the case, which was being tried as
summons case, into a warrant case.
2. In order to appreciate the contention of the parties, it is
necessary first to refer to the complaint lodged by the respondent,
SEBI. The complaint alleged that accused no.1 (petitioner no.1) ran a
collective investment scheme and raised an aggregate amount of
Rs.7.04 crores from the general public. Pursuant to SEBI press release
dated 26th November, 1997 and public notice dated December 18,

1997, the petitioner company filed information/details with the SEBI
(respondent) regarding the scheme.

Source: Indian Kanoon

Leave a Reply