Extension granted to sell shares of Indiabulls Ventures Ltd. due to the prevailing COVID-19 pandemic

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Last updated: 19 October 2020
Quick Summary
The Securities and Exchange Board of India (SEBI) has granted an extension to Ms. Pia Johnson and Mr. Mehul Johnson to sell their shares in Indiabulls Ventures Limited. This extension was permitted because they were unable to complete the sale within the original timeframe, which was impacted by the prevailing COVID-19 pandemic. Previously, SEBI had issued an order restraining them from accessing the securities market for one year and from dealing in Indiabulls Ventures Limited securities for three years, along with disgorgement of impounded funds.

Court :
SEBI

Brief :
Order on the Representation dated September 16, 2020 made by Ms. Pia Johnson (PAN: AGVPJ6093M) and Mr. Mehul Johnson (PAN: ABBPJ3414H) pursuant to order dated February 24, 2020 passed by Hon’ble SAT in Misc. Application No. 61 of 2020 in Appeal No. 59 of 2020 – In the matter of Indiabulls Ventures Limited.

Citation :
WTM/AB/IVD/ID2/12/2020-21

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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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