Adjudication Order in the matter of Citrus Check Inns Limited
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What is this order about?
This order addresses SEBI's findings that Citrus Check Inns Limited and its directors operated a collective investment scheme without proper registration, violating securities laws.
Who it concerns
Citrus Check Inns Limited, Omprakash Basantlal Goenka, Prakash Ganpat Utekar, Venkatraman Natarajan, Narayan Shivram Kotnis
What was found or directed
- Citrus Check Inns Limited operated a collective investment scheme (CIS) without registration
- Directors liable for violations under Section 12(1B) of SEBI Act
- SEBI found fraudulent trade practices under PFUTP Regulations
- Noticee No. 5 did not respond to SCN or appear for hearing
- SEBI proceedings completed after 11 years
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MN/PS/2026-27/32465-32469 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-06-30
ORDER_1782819801.pdf
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