S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS
I.A. NOS.16-17 IN CIVIL APPEAL NOS.6753-6754 OF 2004
SECURITIES & EXCHANGE BOARD OF INDIA Appellant (s)
VERSUS
PACL INDIA LTD. & ORS. Respondent(s)
(For directions, appln.(s) for permission to file additional affidavit and office report)
Date: 06/02/2012 These Matters were called on for hearing today.
CORAM : HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE A.K. PATNAIK HON'BLE MR. JUSTICE SWATANTER KUMAR
For Appellant(s) Mr. Gaurab Banerji,ASG. Ms. Suruchii Aggarwal,Adv.
For Respondent(s) Mr. T.R. Andhyarujina,Sr.Adv. Mr. Shyam Divan,Sr.Adv. Mr. Vinay Bhasin,Sr.Adv. Mr. Rohit Tandon,Adv. Mr. Vikram Batra,Adv. Mr. Hari Shankar K,Adv.
Mr. Mohan Jain,ASG. Mr. D.K. Thakur,Adv. Ms. Sheethal Menon,Adv. Mr. B.K. Prasad,Adv. Mr. B.V. Balaram Das,Adv.
Mr. S. Balakrishnan,Sr.Adv. Mr. Pavan Kumar,Adv.
UPON hearing counsel the Court made the following O R D E R
Place the civil appeals for final hearing as second item, i.e., after S.L.P. (C) Nos.29282- 29284 of 2008.
T.I. Rajput , Madhu Saxena A.R.-cum-P.S. Assistant Registrar
Now , The company PACL India limited has been raided by the CBCID of Kerala state and sealed all the offices of the company in the state.( see the reports dated 02/12/2012 and 03/12/2012 on TV and leading news papers of Kerala state) This company is not having any license from IRDA, RBI and any SEBI guideline till now. . How people can invest here and on what purpose this company paying amount saying realisation value. As a land sale/Purchase company why the agents are canvassing in public that people would get the maturity value. This is totally for capturing the illiterate persons. Now they are moving some FMCG products through their agents and pressuring them to purchase in the market. The agents are also facing troubles as the agents are not purchasing the FMCG products the company is holding the commission. This company is still doing fraudulent activities in the market as real estate. The company should be closed and thoroughly audit by the Govt of India and RBI. Ombudsman has to keep an eye on these companies to save the poor people from falling in to the trap of this type of companies.. Has PACL INDIA LTD renamed as PACL LIMITTED? . Because when some agents deposited their premium, check was returned from Guwahati Branch saying that the name has been changed as PACL LIMITTED instead of PACL INDIA LTD.
above plan code 060 is older but where can i get the latest
ReplyDeleteITEM NO.32 COURT NO.1 SECTION XV
ReplyDeleteS U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
I.A. NOS.16-17 IN CIVIL APPEAL NOS.6753-6754 OF 2004
SECURITIES & EXCHANGE BOARD OF INDIA Appellant (s)
VERSUS
PACL INDIA LTD. & ORS. Respondent(s)
(For directions, appln.(s) for permission to file additional
affidavit and office report)
Date: 06/02/2012 These Matters were called on for hearing today.
CORAM :
HON'BLE THE CHIEF JUSTICE
HON'BLE MR. JUSTICE A.K. PATNAIK
HON'BLE MR. JUSTICE SWATANTER KUMAR
For Appellant(s) Mr. Gaurab Banerji,ASG.
Ms. Suruchii Aggarwal,Adv.
For Respondent(s) Mr. T.R. Andhyarujina,Sr.Adv.
Mr. Shyam Divan,Sr.Adv.
Mr. Vinay Bhasin,Sr.Adv.
Mr. Rohit Tandon,Adv.
Mr. Vikram Batra,Adv.
Mr. Hari Shankar K,Adv.
Mr. Mohan Jain,ASG.
Mr. D.K. Thakur,Adv.
Ms. Sheethal Menon,Adv.
Mr. B.K. Prasad,Adv.
Mr. B.V. Balaram Das,Adv.
Mr. S. Balakrishnan,Sr.Adv.
Mr. Pavan Kumar,Adv.
UPON hearing counsel the Court made the following
O R D E R
Place the civil appeals for final hearing
as second item, i.e., after S.L.P. (C) Nos.29282-
29284 of 2008.
T.I. Rajput , Madhu Saxena
A.R.-cum-P.S. Assistant Registrar
Now ,
The company PACL India limited has been raided by the CBCID of Kerala state and sealed all the offices of the company in the state.( see the reports dated 02/12/2012 and 03/12/2012 on TV and leading news papers of Kerala state)
This company is not having any license from IRDA, RBI and any SEBI guideline till now. . How people can invest here and on what purpose this company paying amount saying realisation value. As a land sale/Purchase company why the agents are canvassing in public that people would get the maturity value. This is totally for capturing the illiterate persons. Now they are moving some FMCG products through their agents and pressuring them to purchase in the market. The agents are also facing troubles as the agents are not purchasing the FMCG products the company is holding the commission. This company is still doing fraudulent activities in the market as real estate. The company should be closed and thoroughly audit by the Govt of India and RBI. Ombudsman has to keep an eye on these companies to save the poor people from falling in to the trap of this type of companies..
Has PACL INDIA LTD renamed as PACL LIMITTED? . Because when some agents deposited their premium, check was returned from Guwahati Branch saying that the name has been changed as PACL LIMITTED instead of PACL INDIA LTD.