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Final Order in the matter of Citrus Check Inns Limited

SEBI closed 2025
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What is this order about?

This order addresses Citrus Check Inns Limited and its directors for operating unregistered collective investment schemes (CIS) without SEBI registration, violating securities laws.

Who it concerns

Citrus Check Inns Limited, Omprakash Basantlal Goenka, Prakash Ganpat Utekar, Venkatraman Natrajan, Narayan Shivram Kotnis

What was found or directed

  • operating unregistered CIS without SEBI registration
  • prima facie engaged in CIS without registration
  • SEBI ordered to complete investigation
  • directed to make application for registration
  • Supreme Court directed SEBI to complete investigation
  • Supreme Court directed Citrus not to alienate assets without SEBI permission
  • SEBI submitted report to Supreme Court
  • SEBI sought permission to proceed with enforcement actions
Source bodySecurities & Exchange Board of India (SEBI) — enforcement orders
Reference numberWTM/AN/IVD/ID5/31715/2025-26
Statusclosed (section: order)
Year2025
Closing date
Documents1

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Documents

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Order 2025-10-09 1760016002682_1.pdf
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