Adjudication Order in respect of 8 Entities in the matter of Esteem Bio Organic Food Processing Ltd.

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Last updated: 30 September 2020
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The Securities and Exchange Board of India (SEBI) has issued an adjudication order against eight entities concerning trading activities in the scrip of Esteem Bio Organic Food Processing Ltd. between February 2013 and July 2015. The investigation found that these entities, who were connected to each other, engaged in trading amongst themselves in a concerted manner. This activity allegedly contributed significantly to the price rise and establishment of new high prices for the company's shares, violating SEBI (PFUTP) Regulations.

Court :
SEBI

Brief :
UNDER SECTION15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995

Citation :
ADJUDICATION ORDER NO. PM/NR/2020-21/9160-9167

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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