PRESS RELEASE - SEBI

December 11, 2015
PR No. 286/2015

Order in the Matter of Sunplant Bio Energy Pvt. Ltd.

Shri S Raman, Whole Time Member, SEBI has passed an order dated December 09, 2015 inter - alia directing Sunplant Bio Energy Private Limited and its Directors, viz. Shri Awdhesh Kumar Singh, Shri Girija Shankar Kumar, Shri Sumanta Sinha, Shri Neeraj Pathak, Shri Sunil Kumar Jha, Shri Subir Gupta and Shri Padmalochan Nayak

  1. Not to collect any fresh money from investors for its existing schemes;
  2. Not to launch any new schemes/plans or float any new companies to raise fresh moneys;
  3. Not to dispose of any of the properties or alienate the assets of the existing schemes;
  4. Not to divert any funds raised from customers/investors, kept in bank account(s) and/or in the custody of the company;
  5. To immediately submit the full inventory of the assets owned by SBEPL;
  6. To furnish all the information sought by SEBI, vide letter dated March 14, 2014, including –
    1. Scheme–wise amount mobilized since inception till date;
    2. Details of scheme–wise list of customers/investors;
    3. List of investors who have been refunded;
    4. Audited financial statements for last three years.

The above directions shall take effect immediately and shall be in force until further orders. 

The Company under its ‘Social Forestry Scheme and Bio Fuel Scheme’ was engaged in fund mobilizing activity from public by floating/sponsoring/ launching unregistered / unauthorized Collective Investment Scheme (CIS) as defined in the SEBI Act, 1992.

Mumbai
 
December 11, 2015

 

For full copy of order against AWDHESH KUMAR SINGH, click here.

For full copy of order against GIRIJA SHANKAR KUMAR, click here.

For full copy of order against NEERAJ PATHAK, click here.

For full copy of order against PADMALOCHAN NAYAK, click here.

For full copy of order against SUBIR GUPTA, click here.

For full copy of order against SUMANTA SINHA, click here.

For full copy of order against SUNIL KUMAR JHA, click here.

For full copy of order against SUNPLANT BIO ENERGY PVT.LTD., click here.