Sebi orders Jakraya Sugar, its directors to refund investors" money
In its interim order cum show cause notice, Sebi also directed JSL will cease to mobilise fresh funds from investors through the offer and allotment of any securities, to the public, either directly or indirectly until further orders.
The order came after Sebi conducted an examination into the issuance and allotment of non-convertible redeemable preference shares (NCRPS) by JSL. Image: PTI