S.No.

Name of the entity

Name of Accused

Court Case No.

Court

Date of filing

Date of court order

Details of the Court Order

Copy of order

1

Aaradhya Forests Ltd.

1. M/s Aaradhya Forest

206/2006

47th ACMM

12/22/2003

04.12.2007

The offence was compounded

Text of order

Ltd.

Esplanade

on payment of Rs 85,000/ by the accused to SEBI.

2.Mr. Ramesh Chandra

Mumbai /

 

Sohaney,

ASJ, Mumbai

 

3.Mr. Deepak Nagariya

 

 

4.Mr. Shayam Kr.

 

 

Sohaney

 

 

2

Aastha Resorts & Plantations India Ltd.

1. M/s. Aastha Resorts & Plantations India Ltd.

79/04

ACMM Tis Hazari

1/14/2004

4/10/2008

All accused convicted and sentenced a fine of Rs. 10,000/- each and on default simple Imprisonment for One Month. Further award of Rs 30,000/- to SEBI as expenses incurred.

Text of order

2. Mr. Om Prakash

Court Delhi / ASJ, Delhi

Choudhary

 

3. Mr. Sanjay Choudhary

 

4. Mr. Hukum Singh

 

5. Mr. Ratan Singh

 

6. Mr. Praveen

 

Srivastava

 

3

Accord Plantation Ltd.

1. M/s Accord Plantations Ltd.

33/2003 - 103/2005

ACMM Delhi

1/21/2003

3/26/2010

Accused no. 2 to 5 convicted and sentenced to Rigorous Imprisonment for 6 months each and pay a fine of Rs 10,00,000/-(Ten Lakh) each and on default of payment of fine simple imprisonment for 3 months each. Further, out of the amount of fine realized a sum of Rs 50,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it.

Text of order

2. Mr. P C Thakur

 

 

3. Ms. Sunitha Bhagat

75/2009

1/21/2002

4. Mr. Rajan Rai

 

 

5. Mr. Ajay Vohra

 

 

4

Agarwal Orchards & Plantations (Pvt.) Ltd.

1. M/s. Agrawal Orchards and

130/2006

47th ACMM

17.12.2003

04.12.2007

The offence was compounded

Text of order

Plantations (Pvt.) Ltd.

Esplanade

on payment of Rs 85,000/ by the accused to SEBI.

2. Mr. Amit Agarwal,

Mumbai /

 

3. Mr. KC Agarwal

ASJ, Mumbai

 

5

Angel Green Forests Ltd.

1. M/s. Angel Green Forest Ltd.

1326/2002 - 115/05

ACMM Tis Hazari

21.12.2002

7/14/2008

All accused convicted. Accused no 3 sentenced to undergo rigorous imprisonment for 6 months and also to pay a fine of Rs 50,000/- As regards accused nos. 1 and 4 each shall pay a fine of Rs 100000/- each. Further, ordered to file WRR with SEBI within 2 months.

Text of order

2. Mr. Harminder Singh

Court Delhi / ASJ, Delhi

3. Mr. Jagdish Singh

 

Baweja

 

4. Ms. Surjit Kaur.

 

6

Ankur Forest and Project Development India Ltd.

1. M/s Ankur Forest & Projects Development India Ltd.

1327/2002 - 37/05

ACMM Tis Hazari Court Delhi / ASJ, Delhi

21.12.2002

2/4/2010

Accused no. 2 to 4 and 6 convicted and sentenced to Rigorous imprisonment for 1 year and also to pay a fine of Rs 5 lakh and on default of payment of fine simple imprisonment for 6 months each. Further, out of the amount of fine realized a sum of Rs 20,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it.

Text of order

2. Mr. Tasrim Saini

 

3. Mr. Rajbir Singh

33/2009

4. Mr. Jagit Singh

 

5. Mr. Hemant Sharma

 

6. Mr. Mohan Lal Saini

 

7

Asian Plantations Ltd.

1. M/s Asian Plantation Ltd

1324/2002 - 32/05

ACMM Tis Hazari Court Delhi / ASJ, Delhi

21.12.2004

2/23/2010

Accused No.1 is Company. Accused no.3 declared as Proclaimed Offender. Accused no. 2 , 4 to 8 convicted and sentenced to Rigorous Imprisonment for 6 months each and pay a fine of Rs 5,00,000/- each and on default of payment of fine simple imprisonment for 6 months each. Further, out of the amount of fine realized a sum of Rs 30,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it.

Text of order

2. Mr. Manoj Kapur

 

3. Ms. Ashwani Berry

66/2009

4. Mr. S.P Kaila

 

5. Mr. Brigunder Makkar

 

6. Shailendra Kaushik

 

7. Ms. Sudha Mittal

 

8. Mr. Gulshan Rai Manuy

 

8

Asra Teak Plantations & Resorts Ltd.

1.M/s Asra Tek

1215/2003

ACMM Tis

15-Dec-03

5/11/2009

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Plantations & Resorts

Hazari

Ltd

Court

2.Mr. Vinod Kumar

Delhi/

Pandey

ASJ,

 

Delhi

9

Baba Forests (I) Ltd.

1. M/s Baba Forests

149/2005

ACMM Tis

14-Jan-04

40080

All accused declared as Proclaimed Offenders and kept in Dormant file

Text of order

India Ltd.

Hazari

2. Mr. J P Aggarwal

Court

3. Mrs Radha

Delhi/

Aggarwal

ASJ,

4. Mr. Manish

Delhi

Aggarwal

 

5. Mr. Prasant

 

Aggarwal

 

10

Basant Farms & Resorts India Ltd.

1. M/s. Basant Farms &

83/04 - 48/05

ACMM Tis Hazari

1/14/2004

11/29/2006

Accused mobilized Rs 8 lakh. All accused convicted and sentenced to fine of Rs.25,000/- on each accused and on default simple imprisonment for three months.

Text of order

Resorts India Ltd.

 

Court Delhi / ASJ,

2. Mr. Shankar Singh

24/2005

Delhi

Kushwaha

 

 

3. Mr. Basant Singh

 

 

Kushwaha

 

 

4. Mr. Gulshan Kuamr

 

 

Ajmani.

 

 

11

BBN Forest Ltd.

1. M/s BBN Forest

1221/2003

ACMM Tis

15.12.2003

39920

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Ltd.

Hazari

2. Mr.Arvind Kumar

Court

Parasar

Delhi /

3. Mr.Vishal

ASJ, Delhi

Chandrani

 

4. Ms. Sumangla

 

Parasar

 

5. Mr.Madan Lal Sohil

 

6. Mr.Kamal Dev

 

7. Mr.Krishna Lal

 

8. Mr.Sukh Lal

 

12

Beauty Farms & Resorts Pvt Ltd

1. M/s Beauty Farms and

296/2004

23rd MM

9-Jan-04

40113

Hon’ble High Court of Madras quashed the complaint and held

Text of order

Resorts (P) Ltd

Saidapet

that the order of the Chairman, SEBI, was set aside in appeal by the Securities Appellate Tribunal and the matter was

2. Mr. B L Narasa Reddy

Chennai

remitted back for fresh disposal. Hence, the criminal proceedings against the said entities cannot be sustained. Further, the court has granted liberty to SEBI to initiate fresh criminal proceedings on the fresh cause of action, if SEBI passes any adverse orders against the entities after considering the matter afresh.

3. Mr. K Sreedhar Reddy

 

 

4. Mr. C Sreenivasulu

 

 

Reddy

 

 

5. Mr. K Sassidhar Reddy

 

 

6.Mr. K Sacheendranadh

 

 

Reddy.

 

 

13

Beauty Gardens & Resorts Pvt Ltd

1. M/s Beauty

296/2004

23rd MM

9-Jan-04

40113

Hon’ble High Court of Madras quashed the complaint and held

Text of order

Gardens and

Saidapet

that the order of the Chairman, SEBI, was set aside in appeal by the Securities Appellate Tribunal and the matter was

Resorts (P)Ltd.

Chennai

remitted back for fresh disposal. Hence, the criminal proceedings against the said entities cannot be sustained. Further, the court has granted liberty to SEBI to initiate fresh criminal proceedings on the fresh cause of action, if SEBI passes any adverse orders against the entities after considering the matter afresh.

2. Mr. B L Narasa

 

 

Reddy

 

 

3. Mr. K Sreedhar

 

 

Reddy

 

 

4. Mr. C Sreenivasulu

 

 

Reddy

 

 

5. Mr. K Sassidhar

 

 

Reddy

 

 

6. Mr. K

 

 

Sacheendranadh

 

 

Reddy.

 

 

14

Beauty Green Farms Pvt Ltd

1. M/s Beauty Green

296/2004

23rd MM

9-Jan-04

40113

Hon’ble High Court of Madras quashed the complaint and held

Text of order

Farms (P) Ltd.

Saidapet

that the order of the Chairman, SEBI, was set aside in appeal by the Securities Appellate Tribunal and the matter was

2. Mr. B L Narasa Reddy

Chennai

remitted back for fresh disposal. Hence, the criminal proceedings against the said entities cannot be sustained. Further, the court has granted liberty to SEBI to initiate fresh criminal proceedings on the fresh cause of action, if SEBI passes any adverse orders against the entities after considering the matter afresh.

3. Mr. K Sreedhar Reddy

 

 

4. Mr. C Sreenivasulu

 

 

Reddy

 

 

5. Mr. K Sassidhar Reddy

 

 

6. Mr. K Sacheendranadh

 

 

Reddy.

 

 

15

Beauty Paradise Resorts Pvt Ltd

1. M/s Beauty Paradise

294/2004

23rd MM

9-Jan-04

40113

Hon’ble High Court of Madras quashed the complaint and held

Text of order

Resorts (P) Ltd.

Saidapet

that the order of the Chairman, SEBI, was set aside in appeal by the Securities Appellate Tribunal and the matter was

2. Mr. B L Narasa Reddy

Chennai

remitted back for fresh disposal. Hence, the criminal proceedings against the said entities cannot be sustained. Further, the court has granted liberty to SEBI to initiate fresh criminal proceedings on the fresh cause of action, if SEBI passes any adverse orders against the entities after considering the matter afresh.

3. Mr. K Sreedhar Reddy

 

 

4. Mr. K Sassidhar Reddy

 

 

5. Mr. C Sreenivasulu

 

 

Reddy

 

 

16

Bharat Agriculture & Forest Development Ltd.

1. M/s. Bharat Agriculture

69/2004

ACMM Tis

14-Jan-04

39721

Accused no. 1 to 4 and 7 were acquitted as the court held that

Text of order

and Forest Development

Hazari Court

the said accused had not collected any funds from the public and further funds collected of the promoter stands refunded prior to the enforcement of SEBI(CIS) Regulations, 1999.

Ltd.

Delhi / ASJ,

Accused no. 5, 6 and 8 declared as proclaimed Offenders and kept in Dormant File.

2. Mr. Nagendra Singh

Delhi

 

3. Mr. R P Singh

 

 

4. Mr. Pradeep Kumar

 

 

Sharma

 

 

5. Mr. Sanjeev Kumar

 

 

Singh

 

 

6. Mr. Diwaker Singh

 

 

7. Mr. Om Prakash Singh

 

 

8. Mr.Surya Bhan Singh

 

 

17

Bliss Agro (I) Ltd.

1. M/s. Bliss Agro

0178/2005

ACMM Tis

38000

9/3/2007

Accused mobilized Rs16 Lakh. All accused declared as Proclaimed Offenders and kept in Dormant File.

Text of order

(India) Ltd.

Hazari

2. Dr. Vinod Kuthiala

Court

3. Mr. Sushil Kumar

Delhi /

Sood

ASJ,

4. Mr.Vikas Vohra

Delhi

5. Ms. Kamlesh Sood

 

6. Mr. Ashok Kumar

 

7. Mr. Pramod Kumar

 

8. Ms. Neelam Bhatia

 

18

Bramvim Farms Ltd.

1. M/s. Bramvim Farms

1310/2002 - 161/05

ACMM Tis Hazari

21.12.2002

9/6/2007

Accused mobilized Rs.46.6 lakh. Accused No.3 convicted vide order dated 23/08/2007 and was ordered to pay fine of Rs. 5000/- and on default simple imprisonment for one month. Accused no. 2 dead. Accused no. 1, 4 and 5 didn’t appear. Accused no. 4 and 5 declared Proclaimed Offenders and kept in Dormant File.

Text of order

Ltd.

Court Delhi / ASJ, Delhi

2. Mr. Amarjeet Singh

 

(Dead)

 

3. Ms. Madhu Sheel

 

4. Ms. Satish Kaushik

 

5. Ms. Kusum Gupta

 

19

Capital Forestry Ltd.

1) Capital Forestry Ltd. 2) Manmohan Singh

1170/2003 - 142/05

ACMM Tis Hazari

16.12.2003

8/18/2006

Accused mobilized Rs 2.1 lakh. All accused convicted and sentenced to fine of Rs. 3000/- on each accused and on default simple imprisonment for 2 months.

Text of order

3) Paramjeet Kaur

 

Court Delhi / ASJ,

4) Sawinder Singh Singh

92/2005

Delhi

5) Maninder Singh

 

 

20

Career Agriculture Finance and Plantation Ltd.

1. M/s. Career

1224/2003

ACMM Tis

15.12.2003

11.01.2008

Accused mobilized Rs 10.7Lakh. All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Agriculture Finance

Hazari

& Plantation Ltd.

Court

2. Mr. M.K Bhoot

Delhi /

3. Mr. H.R Khatri

ASJ,

4. Mr.N.K Bhoot

Delhi

21

Chandigarh Forests Ltd.

1. M/s. Chandigarh

70/2005

ACMM Tis

15.12.2003

3/7/2008

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Forest Ltd.

Hazari

2. Mr. Satnam Singh

Court

3. Mr. Raman

Delhi /

Chaudhary

ASJ,

4. Ms. Arvinder Kaur

Delhi

5. Ms. Chandra Kanta

 

22

Citigold Agro India Ltd.

1. M/s. City Gold Agro

85/04 - 155/05

ACMM Tis Hazari

1/14/2004

8/4/2007

All accused convicted and sentenced to fine of Rs. 5000/- each and on default simple

Text of order

India Ltd.

Court Delhi / ASJ, Delhi

imprisonment for 15 days.

2. Mr. Raghuvir Saran

 

 

Sinha

 

 

3. Mr. Ajit Kumar Sinha

 

 

4. Mr. Pradip Kumar

 

 

Sinha

 

 

5. Mr. Sanjay Viz

 

 

23

Coral Green Fields Ltd.

1.M/s. Coral Greenfields

86/04 - 127/05

ACMM Tis Hazari

38000

3/3/2006

Accused mobilized Rs 1.1 lakh. All accused convicted and

Text of order

Ltd.

Court Delhi/ ASJ, Delhi

sentenced to fine of Rs. 5,000/- on each accused and on

2. Mr. Sheel Singh

 

default simple imprisonment for one month.

3. Mr. Ram Singh

 

 

4. Mr. Rajinder Singh

 

 

5. Mr. Manoj Kumar

 

 

6. Ms. Rekha Malik

 

 

7. Mr. Surender Singh

 

 

8. Ms. Sarita

 

 

24

Dhanvanti Agro Forest Ltd.

1.M/s Dhanvanti Agro

1230/2003 & 36/2005

ACMM Tis

37970

40136

All accused declared as Proclaimed Offenders and kept in dormant file.

Text of order

Forest Ltd.

Hazari

2. Ms. Veena Singh

Court

3. Mr. Surendra Pal

Delhi /

Singh

ASJ,

4. Dr. Sudesh Pal

Delhi

Singh

 

25

Elite Forest Ltd.

1. M/s. Elite Forest Ltd.

1305/2002 - 47/05

ACMM Tis Hazari

21.12.2002

1/3/2008

Accused mobilized Rs.42.3 lakh. Accused no. 2 and 5 convicted and sentenced to fine of Rs. 50,000/- each. Company declared as Proclaimed Offender. Accused no. 3 and 4

Text of order

2. Mr. Kaushal K.

Court Delhi / ASJ, Delhi

were acquitted.

Sharma

 

 

3. Mr. Krishan Rathi

 

 

4. Mr. Surajmal Kadian

 

 

5. Mr. Surender Saini

 

 

26

Endowment Forests (India) Ltd.

1. M/s Endowment Forest (I)Ltd.

112/05

ACMM Tis Hazari Court Delhi/ ASJ, Delhi

26.02.2005

12/4/2009

Accused no. 4 and 7 convicted and sentenced rigorous imprisonment for 6 months and also sentenced to pay fine of Rs 50,000/- each in default of payment of fine Simple Imprisonment for 2 months Accused no. 5, 8 and 9 were declared as Proclaimed Offender and kept in Dormant file. Accused no. 2 , 3 and 6 had expired.

Text of order

2. Mr. Virendar Kumar Kansal

 

3. Mr. J.C. Kansal

54/2009

4. Ms. Kavita Kansal

 

5. Mr. B.K. Bhat

 

6. Mr. Jagdish Chander

 

7. Mr. Devinder Pal

 

8. Mr. Prabhakaran Pillathu

 

9. Mr. G.M.Bhatt

 

27

Five Star Forests Ltd.

1. M/s Five Star Forests

1236/2003

ACMM Tis Hazari

15.12.2003

10/28/2006

Accused mobilized Rs 10.3

Text of order

Ltd.

Court Delhi / ASJ,

lakh. Accused 1, 2, 3 and 4 convicted and sentenced to fine of Rs. 30,000/- each and on default simple imprisonment for 6 months. Proceedings against

2. Mr. Vijay Thakur

Delhi

Accused 8 (Desraj) were stopped considering the fact that he was promoter. Accused No. 5,6 and 7 were acquitted.

3. Mr. Sita Ram

 

 

4. Mr. Ajmair Singh

 

 

5. Ms. Pappi Devi

 

 

6. Mr.Prem Singh

 

 

7. Mr.Harnam Singh

 

 

8. Mr. Desraj

 

 

28

Folksy Plantations & Resorts Ltd.

1. M/s Folksy

1234/2003

ACMM Tis

15.12.2002

24.05.2008

The offence was compounded

Text of order

Plantations and

Hazari Court

on payment of Rs 85,000/- by

Resorts Ltd.

Delhi / ASJ,

the accused to SEBI.

2. Mr. P N Kapur( Died)

Delhi

 

3. Mr. R K Pathak

 

 

4. Mr. U K Gupta (P. O)

 

 

5. Mr. Sushil Gupta

 

 

6. Ms Neera Pathak

 

 

7. Mr. N K Sharma

 

 

8. Ms. Gunjan Pathak

 

 

9. Captain M S Sharma

 

 

10. Ms. Ruchika Pathak

 

 

29

Glitter Gold Plantations Ltd.

1. M/s Glitter Gold Plantations Ltd.

1238/2003 - 198/2005

ACMM Tis Hazari Court Delhi / ASJ, Delhi

15.12.2003

4/13/2010

Accused no.2,3,5,7 & 8 convicted and sentenced to Rigorous Imprisonment for 3 months . In addition accused no.1 company and accused no.2, 3,5,7 8 shall pay a fine of Rs 1,00,000/- each and on default of payment of fine, accused 2,3,5,7,& 8 shall go simpleimprisonment for 30 months each. Accused 4 &6 convicted and sentenced to pay of Rs 50,000/- each and on default, simple imprisonment for 3 Months each. Accused directed to file Winding Up and Repayment Report with SEBI.

Text of order

2. Mr. Pankaj Jain

3. Mr. Deepak Jain

4. Ms. Manjul Jain

5. Mr. Sudershan Kr. Jain

6. Ms. Aarti Jain

7. Mr. Sachind Gupta

8. Mr. Yashwant Jain

30

Gold Waves Forest Ltd.

1.M/s. Gold Waves

101/2005

ACMM Tis

21.12.2002

39506

Accused mobilized Rs 25 Lakh. All accused are declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Forests Ltd.

Hazari

2. Mr. Man Singh

Court

3. Mr.Asfaq Chaudhary

Delhi /

4. Mr. Ranjeet Singh

ASJ, Delhi

31

Golden Jublee Rajasthan Agro Plantations Ltd.

1. M/s Golden Jublee

1239/2003 - 15/2005

ACMM Tis Hazari

15.12.2003

4/3/2006

Accused mobilized Rs 0.997 lakh. All accused convicted and sentenced to fine of Rs. 4000/- each and on default simple imprisonment for 1 month.

Text of order

(Rajasthan) Agro

Court Delhi / ASJ,

Plantations Ltd.

Delhi

2. Mr. Chandra Prakash

 

Namdharani

 

3. Mr. Pritam Kumar

 

Vyas

 

4. Mr. Deepak Vinayak

 

5. Mr. Lalit Kumar Ojha

 

6. Mr. Arvind Kumar

 

7. Mr. Gori Shankar

 

Ojha

 

8. Mr. Narendra Ojha

 

9. Mr. Mahesh Ojha

 

10.Mr. Bhe

 

32

Goldstar Teak Forest (India) Ltd.

1. M/s. Goldstar Teak Forest India Ltd.

1308/2002 - 31/05

ACMM Tis Hazari

21.12.2002

4/25/2008

Accused no.4 convicted and sentenced to undergo rigorous imprisonment of 6 months along with fine of Rs 50,000/ Accused No. 2 and 3 declared as proclaimed offenders and kept in Dormant file.

Text of order

2. Mr. D K Singh

Court Delhi / ASJ, Delhi

3. Mr. S P Singh

 

4. Mr. J D Sharma

 

33

Green Global (India) Ltd.

1. M/s. Green Global

1309/2002 - 76/05

ACMM Tis Hazari

21.12.2002

11/6/2006

Accused mobilized Rs.38.4 lakh. Accused no. 5 declared as Proclaimed Offender. Accused company and accused no. 2 and 3 sentenced to fine of Rs. 1 lakh each and on default simple imprisonment for four months. Further, ordered to file WRR within 1

Text of order

(India) Ltd.

Court Delhi / ASJ,

month with SEBI.

2. Mr. Naresh Hasija

Delhi

 

3. Mr. Manoj Grover

 

 

4. Ms. Suman

 

 

5. Ms.. Kanta Antil

 

 

34

Green Pearls

1. M/s. Green Pearls Ltd.

140/2005

ACMM Tis

30-Oct-04

39720

Accused no. 1 and 3 stands acquitted and accused no. 2

Text of order

2. Mr. Ashok Arora

Hazari Court

declared as Proclaimed Offender.

3. Mr. Rajan Arora

Delhi / ASJ,

 

 

Delhi

 

35

Growwell Plantations India Ltd.

1. M/s. Grow Well

1242/2003

ACMM Tis Hazari

15.12.2003

3/24/2007

Accused mobilized Rs.4.8 lakh. Accused no. 1, 2 and 8 convicted and sentenced to fine

Text of order

Plantations India Ltd.

Court Delhi / ASJ, Delhi

of Rs. 5,000/- each and on default two months Simple imprisonment Accused no. 3, 4, 5, 6, and 7 acquitted.

2. Mr. Vijay Kumar Singh

 

 

3. Mr. Avdhesh Kumar

 

 

Giri

 

 

4. Mr. Ashok Kumar

 

 

Pandey

 

 

5. Mr. Pankaj Kumar

 

 

Upadhayay

 

 

6. Mr. Purushottam

 

 

Singh

 

 

7. Mr. Ambujeshwar

 

 

Nath

 

 

Pandey

 

 

8. Mr. Anil Kumar Singh

 

 

36

H.P. Tillers Tracts & Tourism Ltd.

1. M/s. H.P Tiller Tracts

1180/03

ACMM Tis Hazari

16.12.2003

3/9/2007

Accused mobilized Rs.15

Text of order

& Tourism Ltd.

 

Court Delhi / ASJ, Delhi

lakh. All accused convicted and sentenced to fine of Rs.30,000/- each and on default simple imprisonment for four months. Further, ordered to file WRR within 2 months with SEBI.

2. Mr. CR Sharma

117/2005

 

 

3. Mr. Jitendra Verma

 

 

 

4. Mr. Sushil Sharma

 

 

 

37

Harbansram Tree Magnum Resorts (I) Ltd.

1. Harbansram Tree Magnum Resorts (I) Ltd.

1186/2003

ACMM Tis Hazari Court Delhi/ ASJ, Delhi

16.12.2003

3/10/2010

Accused No. 1 Company. Accused no.2 to 4 convicted and sentenced to pay fine of Rs 1,00,000/- each The case resulted in Conviction and on default of payment of fine simple imprisonment for 6 months each. Further, out of the amount of fine realized a sum of Rs 30,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it.

Text of order

2. Mr. Rajesh Kumar Srivastava

 

3. Mr. Ajith Kumar Srivastava

77/2009

4. Mr. Yogender Nath Singh

 

38

Haritma Agrotech Ltd.

1. M/s. Haritma

138/2005

ACMM Tis

16-Dec-04

40053

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Agrotech Ltd.

Hazari

2. Mr. S K

Court

Srivastava

Delhi/

3. Mr. K K Mishra

ASJ, Delhi

4. Mr. L K Gupta

 

5. Mr. S K Gupta

 

39

Harkota Plantations Ltd.

1. M/s. Harkota

23/04 - 80/05

ACMM Tis Hazari

14-Jan-04

6/2/2007

Accused mobilized Rs.7.5 lakh. All accused convicted and sentenced to fine of Rs. 7000/- each and on default simple imprisonment for 3 months. WRR already submitted to SEBI shall be subject to its audit by auditors of RBI as per rules.

Text of order

Plantations Ltd

Court Delhi / ASJ, Delhi

2. Mr. Ajay Joshi

 

3. Mr. Sanjay Kumar

 

4. Mr. Kanti Joshi

 

40

Help (India) Plantation & Development

1. M/s. Help India

1188/03 - 147/05

ACMM Tis Hazari

16.12.2003

8/28/2006

Accused mobilized Rs 0.9 lakh. All accused convicted and sentenced to fine of Rs. 5000/- each and on default simple imprisonment for 2 months.

Text of order

Plantation & Development Co. Ltd.

Court Delhi / ASJ,

2. Mr. Pawan Singh

Delhi

3. Mr. Ajay Singh

 

4. Mr. Abbal Singh

 

Chowan

 

41

Himachal Paryatan Avam Krishi Vikas Ltd.

1. M/s. Himachal

1168/03

ACMM Tis Hazari

16.12.2003

11/3/2006

Accused mobilized Rs 12.9

Text of order

Paryatan Avam Krishi

Court Delhi / ASJ,

lakh. All accused convicted and

Vikas Ltd.

Delhi

sentenced to fine of Rs.35,000/- each accused.

2. Mr. Suresh Kumar

 

 

Barwal

 

 

3. Ms. Darshna Devi

 

 

4. Ms. Pranto Verma

 

 

42

Hind Forest India Ltd.

1. M/s Hind Forest India Ltd

1199/2003 - 137/05

ACMM Tis Hazari Court Delhi / ASJ, Delhi

16.12.2003

4/8/2010

Accused no.4 convicted and sentenced to Rigorous Imprisonment for 6 months . In addition accused no.1 company and accused no.4 shall pay a fine of Rs 4,00,000/- each and on default of payment of fine simple imprisonment for 3 months each . Further, out of the amount of fine realized a sum of Rs 30,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it. Accused no 2 and 3 declared as Proclaimed Offenders.

Text of order

2. Mr. Shiv Sharma

 

3. Mr. Gurmail Chaudhary

47/2009

4. Mr. Raj Kumar Gupta

 

43

Hope India Forests Ltd.

1.M/s.Hope India

121/2005

ACMM Tis

16.12.2003

9/11/2006

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Forest Ltd.

Hazari

2. Mr.Jagjit Singh

Court

3. Mr. Sadhu Singh

Delhi /

4. Mr. Parmveer Kaur

ASJ,

 

Delhi

44

Impulse Forestry India Ltd.

1.M/s. Impulse Forestry

77/04 - 25/05

ACMM Tis Hazari

14-Jan-04

9/15/2006

Accused mobilized Rs 0.6 lakh. Accused pleaded guilty, two accused let off after due admonition, others sentenced to fine of Rs. 2000 each and on default simple imprisonment for 15 days.

Text of order

India Ltd.

Court Delhi / ASJ,

2. Mr. Bijendra Giri

Delhi

3. Mr. Shiv Kumar Tyagi

 

4. Ms. Kusum Lata

 

5. Mr. Horam Singh

 

Tyagi

 

6. Mr. Dheer Singh

 

7. Mr. Ramendra Kumar

 

Sharma

 

8. Ms. Kamlesh Devi

 

45

Indica Greenshield & Resorts Ltd.

1. M/s. Indica

1192/03 - 146/05

ACMM Tis

16.12.2003

8/9/2006

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Greenshield &

Hazari

Resorts Ltd.

Court Delhi /

2. Mr. Rakesh Singh

ASJ,

3. Mr.Sanjay Kumar

Delhi

Singh

 

4. Mr.Sarad Kumar

 

5. Mr. Gyaneshwar

 

Prasad

 

6. Mr. Sanjay Singh

 

7. Mr. Akhilesh Rathore

 

8. Mr. Arbind Singh

 

46

Indus Spices and Herbs Ltd.

1. M/s. Indus Spices and Herbs Ltd.

1193/03 - 47/05

ACMM Tis Hazari

16.12.2003

1/30/2006

Accused mobilized Rs 3 lakh. All accused convicted and

Text of order

2. Mr. Vikas Kaushik

Court Delhi / ASJ,

sentenced to fine of Rs. 6,000/- each and on default simple

3. Mr. Hemant Arora

Delhi

imprisonment for one month.

4. Mr. Manish Bahadur

 

 

Mathur

 

 

47

Jassowal Forests & Investments Ltd.

1.M/s. Jassowal Forests

76/04 - 154/05

ACMM Tis Hazari

14-Jan-04

3/29/2008

Accused nos 1 to 3 convicted and sentenced to fine of Rs. 5000/- each and on default simple imprisonment for 1 month. Award of Rs.5, 000/- to SEBI. Further, ordered to file WRR within two months with SEBI. Accused no. 4 declared as Proclaimed Offender and kept in dormant file.

Text of order

& Investments Ltd.

Court Delhi / ASJ, Delhi

2. Mr. Malkiat Singh

 

3. Mr. Tarsen Kaur

 

4. Mr. Prem Singh

 

Bhatoa

 

48

JBR Forestry Ltd.

1. M/s JBR Forestry Ltd

1194/2003 - 14/05

ACMM Tis Hazari Court Delhi / ASJ, Delhi

16.12.2003

12/4/2009

Accused no. 2,3 and 4 pleaded guilty and convicted and sentenced to pay fine of Rs 10,00/ each in default of payment of fine Simple Imprisonment for 3 months each. Accused no. 5 was declared as Proclaimed Offender and kept in Dormant file.

Text of order

2. Ms. Renu Sharma’

3. Mr. Pradeep Kumar

4. Mr. Manoj Kumar

5. Ms. Ravinder Kaur

49

Jeevanjyoti Plantations Ltd.

1. M/s Jeevan Jyothi Plantations Ltd.

1312/2002 - 121/05

ACMM Tis Hazari Court Delhi/ ASJ, Delhi

21.12.2002

10/31/2009

Accused mobilized Rs 28.3 Lakh. Accused no. 4 and 6 convicted and sentenced to Rigorous imprisonment for one year each and fine of Rs. 5 Lakh. each and on default of payment of fine, simple imprisonment for 6 months each. Further, out of the amount of fine realized a sum of Rs 20,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it. Accused no. 2,3, and 5 declared as proclaimed offenders and kept in Dormant file.

Text of order

2. Mr. Mukesh Kumar Gupta

 

3. Mr. Upendra Kumar

49/2009

4. Mr. Vinod Kumar Bharadwaj

 

5. Mr. Aswani Kumar Dubey

 

6. Mr. Ashok Kumar Verma

 

50

JSM Plantations & Dairy Farming Ltd.

1. M/s JSMPlantation & Diary Farming Ltd

1189/03 - 144/05

ACMM Tis Hazari Court Delhi / ASJ, Delhi

16.12.2003

5/7/2010

All accused convicted and sentenced to pay a fine of Rs. 50,000/- each and on default, accused no. 2 to 5 shall go simple Imprisonment for 3 Month. Accused directed to file WRR with SEBI within 2 months Further, out of the amount of fine realized a sum of Rs 30,000/- be paid to SEBI after expiry of period of revision, appeal, towards the expenses incurred by it.

Text of order

2. Mr. Dharmendra Pratap Singh

 

3. Ms. Mithelesh Kumari

27/2009

4. Mr. SiyaramSaraf

 

5. Mr. Pradeep Kumar Saraf

 

51

Kanak Bhumi Forests (India) Ltd.

1. M/s Kanak

1202/2003

ACMM Tis

16.12.2003

7/13/2006

Accused mobilized Rs 1.2 lakh. All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Bhumi ForestLtd.

Hazari

8/10/2006

2. Mr. K.M.S.

Court

 

Bharadwaj

Delhi /

 

3. Mr. Mandir Kaushik

ASJ,

 

4. Mr. Yog Raj Kaushik

Delhi

 

52

Karambhumi Forests (India) Ltd.

1. M/s. Karambhumi

1173/2003 - 124/05

ACMM Tis Hazari

16.12.2003

9/29/2006

Accused mobilized 10.5 Lakh. Accused no. 1 and 4 convicted

Text of order

Forest India Ltd.

Court Delhi / ASJ,

and sentenced to fine of Rs. 5000 each, on default simple

2. Mr. Chander Sharma

Delhi

imprisonment for four months.

3. Ms. Chander Kanta

 

Accused no. 2 and 3 declared as Proclaimed Offenders and kept in Dormant File.

4. Mr. Kamal Kant

 

 

Sharma

 

 

53

KBR Forest Ltd.

1. M/s KBR Forest Ltd.

1177/2003 - 129/05

ACMM Tis Hazari

16.12.2003

7/10/2009

Accused mobilized Rs 2 lakh. Accused no. 1, 2, 5, 6 and 8 pleaded guilty and convicted and sentenced to fine of Rs. 10000/- each and on default of payment of fine, simple imprisonment (SI) for six months. Accused No. 3 and 4 were declared as proclaimed offenders and kept in Dormant

Text of order

2. Mr. Anil Kumar

Court Delhi/ ASJ, Delhi

file. Accused no. 7 is dead.

3. Mr. Rakesh Kumar

 

 

4. Mr. Santosh

 

 

5. Mr. Suresh Kumar

 

 

6. Mr. Ravinder Gupta

 

 

7. Mr. Ramesh Kumar

 

 

8. Ms. Neelam Sharma

 

 

54

KDK Finvest

1. M/s KDK

1203/2003

ACMM Tis

16.12.2003

40080

All accused declared as Proclaimed Offenders and kept in Dormant file

Text of order

Finvest Ltd.

Hazari

2. Mr. Kiran Chand

Court

Goyal

Delhi/

3. Mr. Mukesh

ASJ,

Goyal

Delhi

55

Kriex Global Plantations Ltd.

1. M/sKriex Global Plantations Ltd.

1246/2002

ACMM Tis Hazari

19.9.2002

4/13/2009

All Accused pleaded guilty and convicted and sentenced to fine of Rs. 10000/- each and on default simple imprisonment (SI) for one month. Further, Rs. 1,98,000/- (amount lying unpaid to investors) to be deposited with the Court.

Text of order

2. Mr. K.K. Gupta

Court Delhi

3. Mr. K.K. Verma

 

4. Ms. Tara Devi

 

56

Lalima Agro & Farm Developers Ltd.

1. M/s Lalima Agro and

1316/2002

ACMM Tis

21.12.2002

26.09.2008

The offence was compounded

Text of order

Farm Developers Ltd.

Hazari Court

on payment of Rs 3,60,000/ by

2. Mr. Vijay Kumar

Delhi / ASJ,

the accused to SEBI.

Srivastava

Delhi

 

3. Mr. Ejaj Ahmed Khan

 

 

4. Mr. Suryadev

 

 

Vidhyarthi

 

 

57

Lamvrll Plantation Ltd.

1. M/s. Lamvrll Plantations

92/2005

ACMM Tis

16-Dec-03

38946

All accused acquitted as the court held that the accused persons had repaid the amount

Text of order

Ltd.

Hazari Court

to its investors and also informed SEBI about it long before the regulations had

2. Dr. Lalit Kumar

Delhi/

come into force.

3. Mr. M.K. Acharaya

ASJ,

 

4. Mr.Lokendra Kumar

Delhi

 

58

Lyra Agritech Ltd.

1. M/s. Lyra Arritech Ltd.

37/04 - 173/05

ACMM Tis Hazari

1/14/2004

9/27/2007

Accused mobilized Rs.2.7 lakh. All accused convicted and sentenced to fine of Rs. 8000/- each and on default simple imprisonment for 1 month. Award of Rs. 1000/- from each convict and on default 15 days simple imprisonment.

Text of order

2. Mr. Subash Arora

Court Delhi / ASJ, Delhi

3. Mr. Sanjeev Kumar

 

Narula

 

4. Mr. Ravinder Kumar

 

59

Madhuban Green Forests Ltd.

1. M/s Madhuban

1249/2003

ACMM Tis

15-Dec-03

6/3/2009

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Green Forest Ltd.

Hazari

2. Mr.Avadesh Kumar

Court

3. Mr.Harinder Pandey

Delhi /

4. Mr.Dinesh Jha

ASJ,

5 .Mr.Rakesh Kumar

Delhi

Srivastava

 

6. Mr Jai Bir Mishra

 

7. Mr.Dinesh Kumar

 

Singh

 

8. Ms. Shashi Bala

 

9. Mr. R.K. Singh

 

10. Mr.Rama Kant

 

Shah

 

11. Mr.Arun Kumar

 

12. Ms. A

 

60

Merry Beach Farms Pvt Ltd

1.M/s Merry Beach Farms

295/2004

23rd MM

9-Jan-04

40113

Hon’ble High Court of Madras quashed the complaint and held

Text of order

(P)Ltd.

Saidapet

that the order of the Chairman, SEBI, was set aside in appeal by the Securities Appellate Tribunal and the matter was remitted back for fresh disposal. Hence, the criminal proceedings against the said entities cannot be sustained. Further, the court has granted liberty to SEBI to initiate fresh criminal proceedings on the fresh cause of action, if SEBI passes any adverse orders against the entities after considering the matter afresh.

2. Mr. K Sudhakar Reddy

Chennai

 

3. Mr. B L Narasa Reddy

 

 

4. Mr. K Sreedhar Reddy

 

 

5. Mr. C Sreenivasulu

 

 

Reddy

 

 

6. Mr. Hariprasad Reddy

 

 

61

Morni Forests India Ltd.

1.M/s Morni Forests India

1246/2003

ACMM Tis Hazari

12/15/2003

4/1/2006

Accused mobilized Rs 0.4 lakh. All accused convicted and

Text of order

Ltd.

Court Delhi / ASJ,

sentenced to fine of Rs. 3000/- each and on default simple

2. Mr. Mukund Lal

Delhi

imprisonment for 1 month

3. Mr. Ramesh Kohli

 

 

4. Mr. Hari Dayal

 

 

5. Mr. Samarjit Singh

 

 

6. Mr. Uday Raj Singh

 

 

7. Mr. Shyam Raj Singh

 

 

8. Mr. Inderpal

 

 

62

Multi Line Farms and Projects Ltd.

1. M/s Multiline

60/2005

ACMM Tis

15-Dec-03

10/12/2009

All accused declared as Proclaimed Offenders and kept in Dormant file.

Text of order

Farms &

Hazari

Projects Ltd.

Court

2. Mr. Mukesh Bali

Delhi /

3. Mr. R.K.Singh

ASJ,

4. Mr. Prabhat

Delhi

Kumar

 

5. Mr. Mahender

 

Yadav

 

6. Mr. Prag

 

Madhav Kanojia

 

7. Mr. Jitender

 

Prasad

 

8. Mr. Virender

 

Arora

 

9. Mr. Subodh Jha

 

10. Mr. Rakesh

 

Kumar

 

Srivastva

 

11. Mr. Shailend

 

63

Navraj Plantations & Livestock Ltd.

1. M/s Navraj Plantations

Sep/13

ACMM Tis

16-Dec-03

39710

All Accused acquitted as the Court held that all the accused

Text of order

Livestock Ltd.

Hazari Court

persons had repaid the amounts to its investors.

2. Ms. Bina Mittal

Delhi/ASJ,

 

3. Mr. Rajesh Anand

Delhi

 

4. Mr. Navin Anand

 

 

64

New India Horticulture and Agro Limited

1.M/s. New India

1195/03 - 143/05

ACMM Tis Hazari

12/16/2003

9/20/2007

Accused mobilized Rs.1.6 lakh. All accused convicted and sentenced to fine of Rs. 7000/- each and on default simple imprisonment (SI) for 1 month. Award of Rs.5,000/- to SEBI. Further, ordered to file WRR within two months with SEBI.

Text of order

Horticulature & Agro Ltd.

Court Delhi / ASJ, Delhi

2. Mr. Narbadeshwar Giri

 

3. Mr. Mahendra Ram

 

Verma

 

4. Mr. Manoj Kumar<