 "sebi")
The Securities and Exchange Board of India (Sebi) has ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley Hotels and Entertainment Ltd and its then directors to recover investors' dues totalling over Rs 1,000 crore.
This recovery proceeding has been initiated against them to recover Rs 1,006.70 crore collected by the company through the issuance of non-convertible debentures (NCDs) to investors, the market regulator said in an attachment notice on Monday.
In its notice, Sebi asked banks, depositories and mutual funds not to allow any debit from the accounts of Rose Valley and
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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