April 20, 2009
PR No. 135/2009

Consent order in the matter of M/s. Nissan Copper Limited

A Panel consisting of Shri M.S.Sahoo and Dr. K.M.Abraham, Whole Time Members, SEBI has passed consent order dated April 20, 2009, on application submitted by Parklight Securities Ltd., Rupesh B. Brambhatt, Sonal U. Vora, Sonali D. Vora, Uday H. Vora, Dhiren H. Vora, Rajesh B. Brambhatt, Safal Realty Pvt. Ltd., Parklight Investment Pvt. Ltd. and H. Nyalchand Financial Services Ltd. in the matter of M/s. Nissan Copper Limited alleged to be involved in Fraudulent and Unfair Trade Practices relating to Securities Market.
  
SEBI vide order WTM/GA/122/ISD/01/07 dated January 17, 2007 had directed the Exchanges to withhold an amount of Rs.11,78,46,946/- as profits/gains of the applicants. The applicants have agreed to forego the withheld amount together with the interest earned on the above and 30% of the withhold profit as settlement charges. The total amount of consent works out to Rs.15,32,01,030/- plus the interest accrued on the withheld profits/gains.

 
Mumbai

April 20, 2009

For full copy of order against SHRI RUPESH B. BRAMBHATT,
MRS. SONAL U. VORA,
MRS. SONALI D. VORA,
SHRI UDAY H. VORA,
SHRI DHIREN H. VORA,
SHRI RAJESH B. BRAMBHATT,
SAFAL REALTY PVT. LTD.,
PARKLIGHT INVESTMENT PVT. LTD. AND H. NYALCHAND FINANCIAL SERVICES LTD. click here.