Viswapriya Financial Services And ... vs Securities And Exchange Board Of India on 23 August, 2004
JUDGMENT
Kumar Rajaratnam, J. (Presiding Officer)
1. The review petition
Viswapriya Financial Services And ... vs Securities And Exchange Board Of India on 8 July, 2004
JUDGMENT
Kumar Rajaratnam, J. (Presiding Officer)
1. Appeal taken ... consent of parties. This appeal is confined only to the appellant company Viswapriya Financial Services & Securities Ltd. and a common order is passed with
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Investigations also revealed that Tamilnadu Mercantile Bank, BVK Iyengar Road Branch ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (VFSL) as Power of Attorney holders
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Investigations revealed that State Bank of India, Ashram Road, Ahmedabad ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (VFSL) as Power of Attorney holders
subscription to the public issue of IFSL was created by M/s. Viswapriya Financial Services and Securities Ltd (hereinafter referred as 'VFSSL'), apparently ... intercourse is the securities market. In the instant case, the associate of Viswapriya (Prime Advance) applied in the public issue of IFSL, were allotted shares
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Pursuant to these findings and allegations of violations of the Companies ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (hereinafter referred to as "VFSL
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Pursuant to these findings and allegations of violations of the Companies ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (hereinafter referred to as "VFSL
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Pursuant to these findings and allegations of violations of the Companies ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (hereinafter referred to as "VFSL
purchase of its own shares through a circuitous financing arrangement with Viswapriya Group.
2. Pursuant to these findings and allegations of violations of the Companies ... applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (hereinafter referred to as "VFSL
applications for an aggregate of 31,20,000 shares of REL with Viswapriya Financial Services & Securities Ltd. (VFSL) as Power of Attorney holders
