Dear sir, The Supreme Proceeding dated 18/7/2008,states as per your communication:- This Appeal was called on for hearing today.UPON hearing counsel the Court made the following.ORDER "Office has to take appropriate steps for listing the matter before the Hon'ble Court in compliance of Court's order dated.16.6.2008." what Does it mean?. What was Order of the Honble Court dtd 16/6?The court order dtd16/6/08 was in favour of BSE /UTI securities or otherwise.Please clarify if possible.Thank you sir, inanticipation,
to i have called Aarthi Consultants Private Limited who is registrar of this issue, they have confirmed that till now they have not received any orders from court stating that 'refund the money to investors', i am really pity if our indian courts & laws, they are playing with life of small investros, we request our honorable court to wakeup and save our hard earned money.
Hi, I m a small investor and invested in SVPCL IPO. Could any one explain what is dasti notice and as an invester what I will have to do to get my money back.
please communicate if possible about the development taken place after Dasti Notice served by Honble Supreme Court of India on 11/12 July 08 for disposal of civil appeal no.4129 of 2008 regarding refund of investers money in IPO of M/S SVPCL Limited. We request UTI securities to please arrange to refund the invested amount to the investers, matter of payment of interest may be taken care later on.
better to make arrangments to die, i don't think this will clear atleast by this year end as per official news from svpcl, by the time it clears in court compnay may be in position to submit IP.
With reference to your query on the IPO of SVPCL Limited (issuer company), we would like to inform as under:
1) M/s SVPCL Ltd (the issuer company) has filed an Appeal at Securities Appellate Tribunal (SAT), Mumbai on 10/03/2008. The appeal filed by the issuer company was dismissed by SAT vide its order dated 09/05/08.
2) SVPCL had preferred an appeal in the Hon’ble Supreme Court against SAT order dated 09/05/2008. M/s UTI Securities Ltd had moved an application in the Supreme Court seeking directions from the Supreme Court regarding refund of money to investors.
3) Upon hearing the counsel on 16/06/08, the court ordered for listing this matter in the 2nd week of July 2008 for final disposal.
The matter is sub-judice. We will update the investors through our website as soon as we get to know from the issuer company / lead managers.
baba pls give me my money as i taken on interest and now interest is more then what i given money for your shares so please requesting you to give me my money otherwise i will die as no other way my total amount is 4,00,000 rps. so infm me in one week as now water as gone up to my level.