Court :
SEBI
Brief :
Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) received complaints from various investors inter- alia alleging that they had invested in Non-Convertible Redeemable Debentures (‘NCD’s’) issued by Siya-Ram Agro Industries Ltd. (hereinafter referred to as “SRAIL/ the Company”) and were unable to recover their investments and promised returns. The complainants also alleged that the Company had closed their branches and they are not able to recover their investments from Noticee no. 1. In light of the aforesaid complaints, information was sought inter alia from Noticee no. 1 and its directors. However, no information was forthcoming.
Citation :
WTM/AB/EFD-1/DRA-IV/14/2020-21
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