Markets controller Sebi will sell properties of Sunheaven Agro India Ltd on January 18 at a save cost of Rs 9.4 crore
Sunheaven Agro had gathered assets from in excess of 7,700 speculators through issuance of redeemable inclination shares without following public issue standards.
In a notification on Sunday, the Securities and Exchange Board of India (Sebi) said it will sell two properties of the organization at a save cost of Rs 9.4 crore.
The closeout will be directed online on January 18, 2021 between 10:30 am to 11:30 am.
The properties to be unloaded are land bundles and a structure in Kolkata.
Mamta Binani, bankruptcy proficient, has been locked in by Sebi to help it in the e-closeout and e-Procurement Technologies Limited has been named as the e-sell off specialist co-op.
In October 2015, the business sectors guard dog asked Sunheaven Agro and its chiefs to discount the cash gathered from speculators alongside 15 percent yearly premium.
Sebi had discovered that Sunheaven Agro gave and allocated redeemable inclination offers to around 7,772 speculators and assembled a measure of Rs 11.54 crore between 2009-10 and 2012-13.
Further, Sebi had banned the organization and its chiefs from the protections markets for a very long time and had said that the boycott will proceed till fulfillment of discounts to financial specialists.