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Saturday, July 25, 1998

HC notices on plantation cos

AGENCIES  
NEW DELHI, July 24: The Delhi High Court on Friday issued notices to the SEBI, its chairman D R Mehta, secretaries of finance, law and company affairs and agriculture and Registrar of Companies for their alleged failure to check illegal activities of plantation companies.

Notices were also served on the Delhi government and Association of Agri Plantation Companies of India (AAPCI) and a number of plantations companies including Sterling Tree Magnum India Ltd, Golden Forests India Ltd, Parasrampuria Plantations Ltd and Anubhav Plantations Ltd. A division bench comprising acting chief justice Mahinder Narain and justice SK Mahajan directed SEBI to take action.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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