Indian Kanoon - Search engine for Indian Law

appellants are basically similar to the schemes floated by PACL Limited and therefore, the appellants would adopt the arguments advanced by PACL Limited in their ... schemes floated by the company are distinguishable from the case of PACL Ltd., for the following reasons:- a) At the time of investment by investors

said order penalty has been imposed on PACL Ltd. and its directors including the 3 appellants herein. In the impugned order it is held that ... dispute that the appellants were directors of PACL Limited for about six years. When the appellants joined as directors admittedly several schemes floated by PACL