SVPCL Limited IPO Message Board (Page 8)

DEAR SVPCL,
PL. FOLLOW UP WITH SEBI AND HON.SUPREME COURT AND MOVE THE CASE
FAST TO ENABLE THE SMALL INVESTOR TO GET THE MONEY BACK IMMEDIATELY.

PLEASE ACT FAST.

SVPCL IPO REFUBND KAB MILEGA
SUBHASH GUPTA

how much time we will wait. when they will return the money

I have not received my ipo amount if we call just they are informed we will give 20 th

Dear All Investor,

Please register your complaints against SVPCL on the below mentiond url of SEBI. I hope if you all register your complaints, it may help out

http://www.sebi.gov.in/Complaint1.jsp

SVPCL & Aarthi consultants are not serious amount the money refund with 15% interest. Professionalism is lacking and it clearly shows SVPCL is against Hon'ble Supreme Court Order. SEBI should investigate immediately on TOP PRIORITY, otherwise SVPCL should be pay 30% interest for undue delay in refunding the amount to the investors. SVPCL should fix the target date for refund immdly.

I think SVPCL is unprofessional in refunding the amount to the
investors in time. They are supposed to refund within 30 days. I do not understand why SEBI should penalize SVPCL for undue
delay in refunding the amount for more than 1 year with 30%
interest, so that, SVPCL will understand the seriousness. There
should be a target date fixed to SVPCL & Aarthi consultants also.

hai i am also invested in svpcl. both times call to ramaiah(svpcl) telno is04066369058. both times i am talk to him but he did not give correct answer so,investers please call daily to him&ask about refund.

If the Company has not taken the fund that why not SEBI advice them to refund atleast Principal Amount. Mul to bache.

i had mailed and called several times to the responsible person of svpcl , but yet no response to refund the application money back, what is sebi doing , he should act fast

STATUS UPDATE REGARDING INITIAL PUBLIC OFFER (Issue) OF SVPCL LIMITED (Company)

This is an update for the Investors regarding the outcome of the Appeal filed by the Company form the Order passed by the Hon’ble Securities Appellate Tribunal (“SAT”) before the Hon’ble Supreme Court of India. As investors are aware we have been posting the status report regarding the Issue of the Company from time to time on our website and with a view to further update the investors, we would like inform all the Investors as under:

1.      The Company had filed an Appeal before Hon’ble Supreme Court of India against the Order dated 9th May 2008 passed by SAT praying for stay of the said order and for setting aside the said order. The Hon’ble Supreme Court heard the matter at length and was pleased to pass an Order dated August 20, 2008 dismissing the Appeal of the Company.

2.      Thereafter, by our letter dated August 21, 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 August 22, 2008 from the Company informing us that the Board of Directors of the Company have decided to refund of the money lying in the escrow account to all investors and that the Company will pay the interest amount within a period of 30 days.

4.      We have, thereafter replied to the Company inter alia referring to SEBI’s letter dated August 21, 2008 bearing no. CFD/DIL/NB/NB/135616/2008, wherein SEBI had directed us and BOB Capital Markets Limited to take steps to ensure refund of the Application money immediately along with interest thereon at the applicable rate. We in our said letter further stated that the Company should have kept the interest amount ready and available for funding the refund account as the Company was liable to pay the interest to the investors irrespective of the order passed by the Hon’ble Supreme Court.

5.      We are however following up with the Company to fund the interest amount immediately without any further delay.

6.      It is however pertinent to note that the entire application money received in respect of the Issue is 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 money cannot be accessed by the Company. In the circumstances, all necessary steps to protect the interests of the investors are being taken, by ensuring that the refund of application money happens along with interest @ 15% p.a.

Hi Harry, What do you mean "Payment back in Time"? How will our names help you in filing the case, I am not sure?

please all investor send me your name amount apply share and
and email address my email ( harry10@live.in ) I file case
in court payment back in time.

Please refund my money svpcl. I requesting all investors i am in debt, please contribute for me. what ever amount. my debt is 1 lakh. please if anyone interested contribute me. sorry to ask everyone.

Response from Arthi Consultant
_______________________________________________________________

Dear Sir / Madam,

With reference to your query on the IPO of SVPCL Limited (issuer company),
we would like to inform as under:

1) The Hon'ble Supreme court had dismissed the appeal filed by the issuer
Company on 20th August 2008, upon hearing the counsel for the parties at
length.

2) Pursuant to the orders of Supreme Court, M/s. BOB Capital Markets Ltd
and Standard Chartered-STCI Capital Markets Ltd., (Lead Managers to the
Issue) advised the issuer Company to refund the application money along
with interest to all the applicants concerned.

3) We have computed the interest @15% p.a. and requested SVPCL Limited to
deposit the interest amount in the Refund Account maintained with HDFC
Bank Ltd.

4) SVPCL Limited is making efforts for depositing the interest amount.

On receiving the necessary instructions from the Lead Managers, we will
take up the dispatch of Refund orders.

This is for your information.



Best Regards,

Aarthi Consultants Pvt. Ltd.,
Registrars & Transfer Agents,
1-2-285, Domalguda,
Hyderabad-500029.
Tel: 040-27638111, 27634445, 66611921
Fax: 040-27632184
Website: www.aarthiconsultants.com
-------------------------------------------------

I just had a talk with Mr Mallikarjun Reddy, a Director of SVPCL, he said he arranged interest amount and he be depositing in the bank by 25th oct and after their part is complete. After that UTI and Aarthi consultnat are responsible to refund the aplication money to all investors. He also said that he had written a letter to UTI and aarthi consultnat, to refund at least application money to the investors and then we'll get interest amount, But UTI and Aarthi consultant are not agreed on this and they are also stand on their side saying unless and untill SVPCL does not deposit interest amont we won't get refund.

today supreme court has dismissed the company application to give some time to give interest money mr ramiayah is telling every time lie because the company has gone to supreme court for to get some time to give interest to applicant
if company is expense 10 crori in this type of cases why they donot give interest to us

I am filing a compliant with Ministry of Company Affairs giving all the details and to SEBI. Let us see how MCA and SEBI react?

Dear MD of SVPCL
When? When?? When??? When it will be refunded?????
We may come again for subscription????????
After Bullish Market, your Share may go up!!!!!!!
So invest in Invstors!!!!!!!!! by refunding the HARD
earned money with Interest.

lots of time i called yo mr ramiayah bt thre is no responce till today .wat the sebi is doing.