Adjudication Order in respect of 9 Entities in the matter of Eco Friendly Food Processing Park Ltd.

Last updated: 30 September 2020
Quick Summary
The Securities and Exchange Board of India (SEBI) investigated the trading of Eco Friendly Food Processing Park Ltd. shares between January 2013 and July 2015. Nine entities, connected to each other, were found to have manipulated the share price by trading amongst themselves, contributing significantly to a 'New High Price'. This action is alleged to have violated SEBI's regulations against fraudulent and unfair trade practices.

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/2020-21/9151-9159

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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