SVPCL Limited IPO Message Board (Page 23)

now they are going to supreme court

.
MA 28/2008 in A. No. 47/2008 in A. No. 47/2008
SVPCL Ltd.

BSEL, UTI Securities Ltd. & SEBI

Final Hearing
24/03/2008

SECURITIES APPELLATE TRIBUNAL, MUMBAI

DAILY BOARD FOR 11.04.2008 at 11.00 A.M.



Sr. No
Appeal No.


Appellant
Counsel for

Appellant
Respondent
Counsel for Respondent
Cause or stage
Previous Date
Result/Remark

1.
52/2008
M/s. CompuAction Securities Pvt. Ltd.

SEBI

Admission



2.
MA. No. 25/2008 in A. No. 81/2006
Vision Organics Ltd. & Ors.

SEBI

Miscellaneous Application Hearing



3.
MA. 37/2007 in A. No. 176/2007 & A. No. 176/2007
Eider e- Commerce Ltd.

SEBI

Part Heard
04/04/2008


4.
MA 28/2008 in A. No. 47/2008 in A. No. 47/2008
SVPCL Ltd.

BSEL, UTI Securities Ltd. & SEBI

Final Hearing
24/03/2008


5.
MA 18/2008 in A.No.18/2008&A. No. 18/2008
Shri. Krishna Kumar Agarwal & Anr.

SEBI

Final Hearing
02/04/2008


6.
24/2008
Libord Securities Ltd.

SEBI

Final Hearing
31/03/2008














Registrar

Note: No re quest for adjournment shall be entertained.

By Order



Registrar

What the hell is going on? Why they people are not giving our money back. I really suprised even court has not been ordered to refund the money to the invetstor. It is really strange. Hopeless country, hopeless judiciary system.

To,
The authorised officer of SVPCL Ltd,

I have gone through the judgement passed by the Securities Appellate Board and I would like to advice you that your advocate should have argued before the appellate tribunal seeking permission of appellate tribunal to file an appeal against deemed rejection by NSE. Instead of arguing on the doctrine of impossibility with great respect, if the company would have accepted to approach by filing the appeal against decision of NSE and requested the board, then there were some chances before the board for the survival of this appeal and that would also suffice compliance of Section 73 of Companies Act. I cannot understand what was the strategy behind agruing doctrine of impossibility, since the board was already of the view to comply section 73.

From:
Nayan Parekh.

Even SAT orders comes on 9th May 2008, SVPCL decide to go Supre Court. Its totally wasting the time and money of the investor. Why SEI is not ask to refund the money with interest to investors and lets go to Supre court for case fight.

svpcl people wasting money on case. why, they not refunding our money. i think, they spending our money on case. svpcl directorspl. refund our money.

SAT judgement available at:
http://www.sebi.gov.in/Index.jsp?contentDisp=SubSection&sec_id=21&sub_sec_id=21. The company is going to approach Supreme Court and there will be further delay in refunds. Let us ensure that investors are also heard by the Supreme Court. Cheats like SVPCL should not be allowed to run away with our money.

judgement of sat has been come
they have reject the application of companyand said that the public issue is not valied
now the company has to given refund compolsury

Lets pray SAT to release the judgement at earliest without taking their own sweet time

One of the Officials at SVPCL informed that around Rs. 5 Crores has already been spent in the process of appealing to the Courts & SAT. But, still no decission has yet arrived,.

REPLY FROM USECTRADE(UTI SECURITIES)

Dear Investor,

In view of the various queries raised from various investors regarding the Issue, we write to inform and update you on the status of the Issue.


The matter relating to the Issue was referred by the Company to the Hon’ble High Court, Andhra Pradesh. The Hon’ble High Court, Andhra Pradesh by an order dated February 29, 2008 disposed off the aforesaid writ petition. The Court opined that the questions raised therein can be properly and effectively gone into by the Securities Appellate Tribunal (SAT) under Section 22-A of the Securities Contracts (Regulation) Act, 1956.


The Company has 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 to grant listing and trading permission to the Company.


It is however pertinent to note that all the application moneys received in respect of the Issue are in an escrow account separately maintained with HDFC Bank Limited, ICICI Bank Limited, ABN Amro Bank, Bank of Baroda and Axis Bank Limited (the Bankers to the Issue). We would like to draw your attention to the fact that the said monies cannot be accessed by the Company till such time that the shares are listed on the exchanges. In the event the shares of the Company are not listed on the exchanges, then the monies will be refunded to the investors with interest. In the circumstances, all necessary steps to protect the interests of the investors are being taken.



For updates on the status of the case you can visit our website www.usectrade.com



Thanking you,

Yours truly,

Authorised Signatory

Transaction ID : 4064383
Application No : 8040634

IS THEIR ANY CHANCE OF GETTING BACK MY MONEY OR NOT. IF YES PLS INFORM ME.

Dear All,

I wrote a letter to SEBI around 4 months back, even they are also doing nothing. Looks all are involved in this.

Looks the only solution is consumer court.

Is any one filed case against SVPCL Limited, in consumer court?

Regards,
venu

INVESTED 45000 RS.IN IPO THROUGH APPLICATION NO 8040833 HROUGH ICICI DIRECT.COM 0N 28/10/2007.NO STATUS OF REFUND & DATE OR NOS. OF SHARE ALLOTED RECD. SO FAR. PLEASE REFUND MY MONEY ALONG WITH INTREST AT THE EAALIEST.

i have applied 250 share of svpcl.its more than 6 mnth still we are awaiting fr our refund.the company,registrar no body is paying attention towards investors and playing with their money.it is very shamful for svpcl,aarti consultant that they r not giving any satisfactory answers..pata nahin kaun sa mooh khol ke ipo le k aaye...

friends, they all make us fool . plz file a case againt that company go to consumer fourm.

SAT to announce the judgement and listing date, is it so ?

i received letter of registrar of AISHWARYA TELECOM to withdraw option is available till 28.04.08 because some complaint against company to sebi,allotment and listing will be postponed till decision is coming from SEBI. Same matter like SVPCL.

hi every one
there is no news and there will be no news because svpcl donot
wont to give any money back unless u are taking any legal action on them pl call them and ask for Mr Reddy and threatning them
this is INDIA if u give your money no one wont to give ur money back pl take action immediately otherwise forget it