July 10, 2009 
PR No. 219/2009

Order in the matter of GHCL Ltd.

Dr. K.M. Abraham, Whole Time Member, SEBI, has passed an order dated July 07, 2009, in the matter of GHCL Ltd. vacating the directions issued by Securities and Exchange Board of India vide order dated April 20, 2009 pertaining to the following promoter entities of GHCL Ltd i.e. Alankar Commercial Private Limited, Banjax Limited, Bharatpur Investment Limited, Carefree Investment Company Limited, Chirawa Investment Limited, Dalmia Finance Limited, Divine Leasing & Finance Limited, Excellent Commercial Enterprises and Investment, Gems Commercial Company Limited, General Exports and Credits Limited, GTC Industries Limited, Harvatax Engineering & Processing Company Limited, Hexabond Limited, Hindustan Commercial Company Limited, Hotex Company Limited, International Resources Limited, Lakshmi Vishnu Investment Limited, Lhonak International Private Limited, Moderate Investment and Commercial Enterprises, Mourya Finance Limited, Nareshchandra Jain, Oval Investment Private Limited, Pashupatinath Commercial Private Limited, Ram Krishna Dalmia Foundation, Ricklunsford Trade and Industrial Investment, Sanjay Trading Investment Company Private Limited, Sikar Investment Company Limited, Sovereign Commercial Private Limited, Suman Jain, Swastik Commercial Private Limited, Trishul Commercial Private Limited, WGF Financial Services Limited and World Growth Fund Limited not to buy, sell or deal in the securities market until further orders. The detailed investigation in the matter is going on.
 
The order has come into force with immediate effect.


Mumbai

July 10, 2009

For full copy of order against
ALANKAR COMMERCIAL PVT.LTD.,
BANJAX LTD.,
BHARATPUR INVESTMENT LTD.,
CAREFREE INVESTMENT CO.LTD.,
CHIRAWA INVESTMENT LTD.,
DALMIA FINANCE LTD.,
DIVINE LEASING & FINANCE LTD.,
EXCELLENT COMMERCIAL ENTERPRISES & INVESTMENT LTD.,
GEMS COMMERCIAL CO.LTD.,
GENERAL EXPORTS & CREDITS LTD.,
GTC INDUSTRIES LTD.,
HARVATEX ENGINEERING & PROCEEING CO.LTD.,
HEXABOND LTD.,
HINDUSTAN COMMERCIAL CO.LTD.,
HOTEX CO.LTD.,
INTERNATIONAL RESOURCES LTD.,
LAKSHMI VISHNU INVESTMENT LTD.,
LHONAK INTERNATIONAL PVT.LTD.,
MODERATE INVESTMENT & COMMERCIAL ENTERPRISES LTD.,
MOURYA FINANCE LTD.,
NARESHCHANDRA JAIN,
OVAL INVESTMENT PVT.LTD.,
PASHUPATI NATH COMMERCIAL CO.PVT.LTD.,
RAM KRISHNA DALMIA FOUNDATION,
RICK LUNSFORD TRADE & INDUSTRIAL INVESTMENT LTD.,
SANJAY TRADING & INVESTMENT CO.PVT.LTD.,
SIKAR INVESTMENT CO.LTD.,
SOVEREIGN COMMERCIAL PVT.LTD.,
SUMAN JAIN,
SWASTIK COMMERCIAL PVT.LTD.,
TRISHUL COMMERCIALS PVT.LTD.,
WGF FINANCIAL SERVICES LTD.,
WORLD GROWTH FUND LTD. click here.