{"id":44041,"date":"2022-05-20T17:37:00","date_gmt":"2022-05-20T12:07:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=44041"},"modified":"2022-05-20T17:34:40","modified_gmt":"2022-05-20T12:04:40","slug":"biz-sebi-ramel-industries-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sebi-ramel-industries-2\/","title":{"rendered":"Sebi declares highest bidder for Ramel Industries&#8217; land parcel in West Bengal"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3259181234\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Markets regulator Sebi has declared the highest bidder for a land parcel belonging to Ramel Industries for a bid value of Rs 4.3 crore, as part of its efforts to recover investors&#8217; money.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3666242586\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The bidding took place on February 24 for the land parcel in West Bengal, the Securities and Exchange Board of India (Sebi) said in a communication on Thursday.<\/p>\n<p>Maa Tara Developers has been declared the highest bidder with a bid amount of Rs 4.30 crore.<\/p>\n<p>The capital markets regulator conducted an auction on February 24 for properties of Ramel Industries for a total reserve price of Rs 19 crore in order to recover money raised by the company from the public through illicit schemes.<\/p><div class=\"trade-content_5\" id=\"trade-1250029529\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The properties that went under the hammer include land parcels, agricultural land, office premises and flats and godowns across West Bengal.<\/p>\n<p>In 2014, Sebi had ordered the firm and its directors\/promoters to return the money raised from investors through illegal collective investment schemes (CIS). However, they failed to comply with the regulator&#8217;s direction.<\/p>\n<p>Consequently, Sebi initiated recovery proceedings against Ramel Industries and its promoters\/directors to recover Rs 60.86 crore, along with interest. Further, in June 2016, the recovery officer had attached the immovable properties of the company and its directors\/ promoters and issued an order prohibiting them from disposing of or transferring their assets.<\/p>\n<p>Since they failed to repay the dues, Sebi issued a notice in January this year for selling the properties through public auction. PTI SP SP ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-1063877827\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Markets regulator Sebi has declared the highest bidder for a land parcel belonging to Ramel Industries for a bid value of Rs 4.3 crore, as part of its efforts to recover investors&#8217; money. The bidding took place on February 24 for the land parcel in West Bengal, the Securities and Exchange Board of India (Sebi) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31,1789],"tags":[],"class_list":["post-44041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi declares highest bidder for Ramel Industries&#039; land parcel in West Bengal - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sebi-ramel-industries-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi declares highest bidder for Ramel Industries&#039; land parcel in West Bengal\" \/>\n<meta property=\"og:description\" content=\"Markets regulator Sebi has declared the highest bidder for a land parcel belonging to Ramel Industries for a bid value of Rs 4.3 crore, as part of its efforts to recover investors&#8217; money. 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