1. The revisionist petitioner is aggrieved by the order dated 19.11.2012 passed by the learned ACMM (Special Acts) Central Delhi passed in SEBI Vs. M/s.Assured Agro Park whereby the prayer for discharge from the complaint case filed by SEBI has been rejected.
2. The discharge application of the petitioner was structured on the ground that she had ceased to be a director of the Assured Agro Park Ltd ('the company' for short) long before the alleged violations of the requirements under the SEBI Act were committed.
3. Brief facts which led to the filing of the complaint by the SEBI are as hereunder.
4. Assured Agro Ltd (the company) was incorporated on 4.4.1997 with its registered office in Delhi. The company engaged itself in Collective Investments Schemes ('CIS' for short). The petitioner was inducted as a director of the company on 1.1.1998 and remained on the Board of Directors till 25.7.1998, when for personal reasons she resigned from the directorship of the company.