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| Exchange Disseminated Time 05/07/2016 11:24:25 | Sumeet Industries Ltd has informed BSE that the Hon'ble Securities Appellate Tribunal (SAT) has by an order dated June 30, 2016 set aside an order of the adjudication officer of SEBI dated February 20, 2014 against the Company and some of its promoters and has remanded the same for fresh orders on merits.
The SAT has also by five orders dated June 30, 2016 ("SAT Orders") set aside an order dated May 21, 2014 against the Company and its promoters/directors and has remanded back the matter for fresh orders re-computing the quantum of alleged unlawful gains.
The restraints against the Company and its promoters/directors have concluded with the passing of the SAT Orders. |
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