Pacl Ltd. vs Sebi on 12 August, 2015
Author: J.P. Devadhar
Bench: J.P. Devadhar
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date of Decision ... PACL as also the promoters and directors of PACL
denied the allegations made against them in the show
cause notices. After hearing PACL
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
short)
on 22nd August, 2014. By the said order PACL Ltd and its present and past directors
including the appellant have been held guilty ... Regulations, 1999' for
short). By the said order, PACL Ltd. and its present directors have been directed to
wind up all the existing
said order
penalty has been imposed on PACL Ltd. and its directors including the
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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
Pacl Ltd. & Ors. vs Sebi on 27 October, 2016
Author: J. P. Devadhar
Bench: J. P. Devadhar
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
DATE ... Appeal No. 467 of 2015
1. PACL Ltd.
22, 3rd Floor, Amber Tower,
Sansar Chand Road, Jaipur - 302004.
Rajsthan.
2. Mr. Tarlochan Singh
7th Floor
Pacl Ltd And Anr. vs Sebi on 6 December, 2017
Author: J.P. Devadhar
Bench: J.P. Devadhar
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date ... Decision: 06.12.2017
Appeal No. 140 of 2016
1. PACL Limited
22, 3rd Floor, Amber Tower,
Sansar Chand Road,
Jaipur 302 004
2. Mr. Sukhdev Singh
been that he was never
appointed as a Director of PACL Ltd. and even PACL Ltd. had not made any
filings before the Registrar ... Companies stating that the Appellant was a
Director of PACL Ltd.
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3. In spite of the specific stand taken by the Appellant
Respondent on the other hand has relied on the matter of PACL
Ltd vs SEBI , an extract of which is reproduced herein:
"42. Strong ... provided in the SEBI Act .
30. In the matter of PACL Ltd vs SEBI , under the guise of selling
agricultural land, PACL collected
Respondent on the other hand has relied on the matter of PACL
Ltd vs SEBI , an extract of which is reproduced herein:
"42. Strong ... provided in the SEBI Act .
30. In the matter of PACL Ltd vs SEBI , under the guise of selling
agricultural land, PACL collected
Respondent on the other hand has relied on the matter of PACL
Ltd vs SEBI , an extract of which is reproduced herein:
"42. Strong ... provided in the SEBI Act .
30. In the matter of PACL Ltd vs SEBI , under the guise of selling
agricultural land, PACL collected
