https://www.taxtmi.com/caselaws?id=287241 The Securities Appellate Tribunal upheld SEBI's interim order against Citrus Check Inns Limited, directing them to cease fund collection, refrain from launching new schemes, and provide detailed information about their operations. SEBI found Citrus to be operating a Collective Investment Scheme without proper registration, similar to a previously identified case. The interim order's impact on Citrus's operations was deemed necessary by SEBI to protect investors, despite Citrus's arguments of discriminatory treatment compared to similar businesses. The directions against Citrus and its directors will continue pending further investigation by SEBI. en-us Mon, 24 Aug 2015 00:00:00 +0530 Fri, 27 Nov 2020 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287241 The Securities Appellate Tribunal upheld SEBI's interim order against Citrus Check Inns Limited, directing them to cease fund collection, refrain from launching new schemes, and provide detailed information about their operations. SEBI found Citrus to be operating a Collective Investment Scheme without proper registration, similar to a previously identified case. The interim order's impact on Citrus's operations was deemed necessary by SEBI to protect investors, despite Citrus's arguments of discriminatory treatment compared to similar businesses. The directions against Citrus and its directors will continue pending further investigation by SEBI. Case-Laws SEBI Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287241