For full copy of order against AADITYA LUXURY HOTELS LTD., click here.

For full copy of order against BIMAL BHATT, click here.

For full copy of order against MANORATH INVESTMENT LTD., click here.

For full copy of order against NIKHIL PANDYA, click here.

PRESS RELEASE - SEBI

September 23, 2004
PR No. 244/2004

M/s. Manorath Investments Ltd. and M/s. Aaditya Luxury Hotels Ltd., debarred

Shri A.K.Batra, Whole Time Member, SEBI vide orders dated August 31, 2004 has prohibited M/s. Manorath Investments Ltd. and M/s. Aaditya Luxury Hotels Ltd. from accessing the capital market in any manner whatsoever and from buying, selling or dealing in securities, for a period of five years. These orders shall come into force from the date of order.
 
SEBI had conducted investigations into the dealings in the scrip of M/s. Vatsa Music Ltd. Pursuant to investigations, SEBI after considering the facts, found M/s. Manorath Investments Ltd. and M/s. Aaditya Luxury Hotels Ltd. guilty of violating the provisions of SEBI regulations. 
 
 
Mumbai
 
September 23, 2004