2017 (6) TMI 1261

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....TE TRIBUNAL, MUMBAI - TMI<br>SECURITIES APPELLATE TRIBUNAL, MUMBAI - AT (Judgement / Order / Decisions)<br>Dated:- 28-6-2017<br>Misc. Application No. 125 of 2016 , 176 of 2016 , 233 of 2016 , 333 of 2016 , 47 of 2017 , 48 of 2017 , 97 of 2017 , 98 of 2017 , Appeal No. 216 of 2015, Appeal No. 292 of 2016 - -<br>Corporate Laws<br>Justice J.P. Devadhar, Presiding Officer, Jog Singh, Member and &nbsp....

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....tration from SEBI and accordingly Appellants have been directed to refund the money collected from the investors under the schemes with promised returns. 2. Appeal No. 292 of 2016 is filed to challenge the decision of WTM of SEBI dated August 12, 2016 whereby the schemes submitted by the appellant for selling the assets of the Appellants / group concerns for implementing the impugned order, hav....

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....ed February 24, 2017 the Appellants have deposited ` 50 lakh with SEBI and also deposited with SEBI, the original title deeds in respect of the assets set out at page 10 and 11 of the further affidavit filed by the Appellants on February 24, 2017. 5. As the Appellants are ready and willing to comply with the impugned order passed by SEBI and the Appellants are agreeable for SEBI to sell the imm....

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....pellants and other group concerns within a period of two weeks from today, so that the said immovable properties &nbsp;{amended as per the order of the Tribunal dated July 19, 2017.} and movable properties lying therein may be sold by SEBI, in case the sale proceeds of the immovable properties referred to at para 5(b) above are not sufficient to meet the amounts payable to the investors. ....