SVPCL Limited IPO Message Board (Page 21)

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http://cnbcwatch.moneycontrol.com/cnbcwatch/inside.php?filename=solved_12

Investors ..Take maximum use of Internet...and approach PRESS so that the Final Judgement comes in favour of INVESTORS......

Shabbir thanks for the information

supreme court has given a order that in second week of july the case will beITEM NO.6 Court No. 3 SECTION XVII


SUPREME COURT OF INDIA
RECORD OF PROCEEDINGS

IA 2 & 3/2008 in CIVIL APPEAL NO. 4129 OF 2008

SVPCL Appellant (s)

VERSUS

BOMBAY STOCK EXCHANGE LTD.& ORS. Respondent(s)

( for directions & stay)

Date: 16/06/2008 This Appeal was called on for hearing today.

CORAM :
HON'BLE Dr. JUSTICE ARIJIT PASAYAT
HON'BLE MR. JUSTICE G.S. SINGHVI
(VACATION BENCH)

For Appellant(s) Mr. U.U.Lalit, Sr.adv.
Mr. Praveen Kumar Singh, Adv.
Mr. Rajiv Shankar Dvivedi,Adv.

For Respondent(s) Mr. Shyam Divan, Sr.Adv.
Ms. Suruchi Suri, Adv.
Ms. Bindi Dave, Adv.
Mr. R.S. Suri,Adv.

Mr. Gulam E. Vahanvati, SG.
Mr. P. Venugopal, Adv.
Ms. Surekha Raman, Adv.
Ms. Deepti, Adv.
for M/S. K.J. John & Co. ,Adv

UPON hearing counsel the Court made the following
ORDER
As agreed by the learned counsel for the parties, list
this matter in the second week of July, 2008 for final disposal.




(Pawan Kumar) (Anand Singh)
Court Master Court Master



here and give final disposal

BEST WAY TO GO TO THE PRESS AND ASK THEM TO PRINT THE STORY IN THEIR PAPPER WHAT HAPPEN TO ALL OF U AND CONVINCE THEM TO PUT IN THEIR PAPPER OTHERWISE THERE IS NO REFUND AND MONEY LOSS. PL DO NOT WAIT MAKE THIS POLITICAL ISSUE AS IN THE RAJ OF CONGRESS THIS HAPPENS TO THE POOR INVESTER. AND THEN ONLY FINANCE MINISTER WILL AWAKE OTHERWISE TILL NEST ELECTION THEY NOT AWAKE. MAKE SURE IT IS NOW TIME TO HANDLE DEPLOMATIC WAY. PL GO TO THE PRESS AND MAKE POLITICAL ISSUE I AM 101% SURE U WILL GET MONEY BACK IN ONE WEEK. WISH U ALL THE BEST PL TAKE ACTION

SVPCL IS JUST WASTING OUR TIME AND MONEY. THEY WILL SPEND HUGE PART OF OUR MONEY TO APPROACH DIFFERENT TYPES OF COURTS. IF THIS CONTINUES THEY WILL NOT BE ABLE TO pAY OUR MONEY BACK, FORGET ABOUT THE INTEREST.

What Constuctive steps has to be taken so that INVESTORS are
heard before Supreme court....Somebody please take the Right step........

It is really a pathetic situation for all SVPCL IPO investors. If this type of situation occurs no investor is ready toinvest in any new issues. At least the legal system in our country should protect the investors by regulating the company to refund the hard earned investors money. Sebi also not very much helpful to investors in this regard. Hope we
get back our money.

NO REFUND NO ALLOTEMENT BECASUSE COMPANY IS BANKRUPT AND UNLESS U INVESTORS NOT TAKING LEGAL ACTION U WILL NOT RECD YR MONEY WISH U ALL THE BEST

When will Supreme court give its verdict

hi to svpcl investors

I am small investor, pl. update about svpcl ipo. when our money comes?

We can also enquire to Ms. Shah of UTI Sec. handling issue 022-67515910/67515812.

STATUS UPDATE REGARDING INITIAL PUBLIC OFFER (Issue) OF SVPCL LIMITED (Company) - MAY 21, 2008


Further to the status report regarding the Issue of the Company posted on this website and with a view to assuaging investors’ concern regarding the outcome of the appeal filed by the Company with Securities Appellate Tribunal (SAT), we would like to provide the investors with the following status update :


1.      As the Investors are aware, the Company had filed an appeal before SAT against the order dated January 21, 2008 of BSE praying for quashing of the said order of BSE and directing BSE and NSE to grant listing and trading permission to the Company. The Hon’ble Bench of SAT heard the Company and the parties to the appeal and by its Order dated May 9, 2008 dismissed the appeal i.e. the prayers of the Company have not been granted.

2.      Accordingly, by our letter dated May 12, 2008 we requested the Company to fund the interest amount to the Refund Account to facilitate the refund of money to all the investors.

3.      Subsequently, we received letter dated May 13, 2008 from the Company informing us that the Board of Directors of the Company at their meeting held on May 13, 2008 decided to appeal from the aforesaid Order of SAT before the Hon’ble Supreme Court of India.

4.      We have however not yet received any communication from the Company regarding the appeal to the Supreme Court of India. We have by our letter dated May 20, 2008 once again written to the Company and requested them to credit the Refund Account with the interest amounts due and payable to the investors to facilitate the interest payments to the Investors. We have also filed a caveat with the Supreme Court of India today i.e. May 21, 2008 to ensure that we are heard in the matter before any order is passed and to fully protect the investors’ interests.

This is the latest information by UTI SEC. co-lead manager of SVPCL. everybody will get latest information from www.usectrade.com

691 the matter has been listed for 16 Jun 2008 means the decission for the said application will be on that date

Status of SVPCL IPO:

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. The matter has been listed for the 16th June 2008. This is for the information of all concerned.

what is the status of svpcl ipo? when our money comes?

Please advise how can we get back our hhard earn money invested in SVPCL IPO .

In case the Company and the Merchant Bankers start playing tricks, then we need to file a caveat with the Supreme Court so that the investor's voice is also heard. Since pleading at Supreme Court is costly Mumbai Investors can approach :Investor Education and Welfare Association,8, Neem Chhaya,Mahatma Gandhi Road,
Ghatkopar (E), Mumbai-400 077. Tel:022-25163349. Investors in Gujarat can contact Mr Hemantsingh Jhala of All Gujarat Investor Protection Trust,Krishna Complex, Basement, Near Choice Restaurant ,C.G.Road,Ahmedabad-380009.Tel:079-30080881. Individually it is difficult to spend money and fight at the Supreme Court level so we need to approach the Investor cells who get funds from the Investor Protection funds of SEBI. The legal option is to approach these Investors Cells and through them file a caveat before the Supreme Court. The Supreme Court will give relief to us. Let us contact the Investor Associations in case Neelam Bharadwaj or Nitesh Bhati does not do anything.

Neerajbhai and all Investors. SEBI has given clear instructions to UTI Securities and BOB Capital to refund money. This notice is appearing at the SEBI website. In case UTI securities is misleading you please complain to Nitesh Bhati of SEBI on 26449359. In case he does not co-operate then contact Mrs Neelam Bhardwaj on 26449350. Mr Arora of BOB Capital has promised that money will be refunded. He can be contacted on (22)66372307.

Dear Shah ji,
Right now I called to uti securities, They Are not agree to refund the money, They say , svpcl is going to suprecourt for stay.uti will confirm after one month,alotment or refund.
plz. advise...

Good News to Investors!!!!!!!!!!

PR No.110/2008
NO STAY ON SAT ORDER OR SEBI’s ADVICE , IN CONNECTION WITH IPO OF M/s. SVPCL

On May 27, 2008, a news item had appeared in connection with the aforesaid IPO in various newspapers mainly The Financial Express (website), The Economic Times, The Hindu Business Line etc. The news item reported that Hon’ble Supreme Court has stayed the order of SEBI asking SVPCL to refund the application moneys with interest to all the investors who had applied for its IPO in October last year.

From the record of proceedings dated May 26, 2008 as available on the website of Hon’ble Supreme Court of India, it appears that a civil appeal no.4129/2008 was filed by SVPCL vs. BSE & Ors. with application for ex-parte stay. On May 26, 2008 this appeal was called on for hearing before the vacation bench Hon’ble Mr. Justice C K Thakker and Hon’ble Mr. Lokeshwar Singh Pant. Upon hearing the counsel, the court made the following order:


“Issue notice returnable after summer vacation.”

A copy of the order is enclosed with this Press Release. From the said order it would be observed that there is no stay order. SEBI is yet to be served with copy of the said appeal.

In this context, it may be mentioned that, Hon’ble Securities Appellate Tribunal (SAT) vide its order dated May 9, 2008 rejected appeal of SVPCL against decision of BSE refusing listing permission to SVPCL.

Pursuant to the receipt of the said order, SEBI vide letter dated May 21, 2008, inter alia, advised the Merchant Banker to forthwith refund the application money alongwith applicable interest in terms of section 73 (2) of the Companies Act. SEBI also seperately advised SVPCL vide letter dated May 21, 2008 to fund the Refund Account for the interest amount due and extend full co-operation to intermediaries to enable them to refund the money to the investors /applicants.

There is no stay against SEBI letter/s dated May 21, 2008 as reported in various news items as referred above.

Mumbai

May 29, 2008

Contact: UTI Securities at 67515999 and
BOB Capital at 66372307 and
insist for getting refunds. SEBI has given
direction for making refunds to investors.