ORDER UNDER SECTION 11/11B OF SEBI ACT, 1992 AGAINST M/S HOME TRADE LIMITED.

SEBI vide its Order dated 08.05.2002 against M/s Home Trade Ltd. had extended the restraint order dated 29.04.2002 under Section 11/11B of the SEBI Act, 1992 till 10.06.2002 with a post decisional hearing on 13.05.2002. 

However, M/s Home Trade Ltd. neither appeared for the personal hearing on May 13, 2002 i.e. today, nor responded to the same. Considering the facts of the case, as mentioned in the previous Orders, a separate investigation has been ordered against M/s Home Trade Limited. In order to ensure that no further harm or detriment is caused to the market or that investors are not adversely affected and that the safety and integrity of the market remains unimpaired, and after taking into consideration facts mentioned in previous Orders, the period of 11/11B Order against Home Trade Limited is extended till completion of investigation and action thereon or one year whichever is later.