July 16 2012
PR No. 070/2012

Directions against Alpine Industries Ltd. and its directors

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an order dated July 12, 2012, in the matter of M/s. Alpine Industries Ltd. with the following directions:-

1. Alpine Industries Ltd. and its directors Mr. Satish Kumar Bhandari and Mr. Jamboo Kumar Bhandari are restrained from accessing the securities market; and
    
2. they are also prohibited from buying, selling or dealing in securities market, directly or indirectly, in whatsoever manner, till all pending investors' grievances against the Company are resolved and ATR in that regard is duly filed with SEBI by the Company. 

The aforesaid directions shall be without prejudice to any other action that may be taken by SEBI against the aforesaid entities.
 
The order shall come into force with immediate effect.
 
  
Mumbai
 
July 16, 2012

For full copy of order against ALPINE INDUSTRIES LTD., click here.

For full copy of order against JAMBOO KUMAR BHANDARI, click here.

For full copy of order against SATISH KUMAR BHANDARI, click here.