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      Question

      Recently SEBI auctioned the properties of which of the

      following industries on 25 August 2022 to recover money that was illegally raised from investors?
      A Sumangal Industries and GSHP Realtech Correct Answer Incorrect Answer
      B Viryama and Sumangal Industries Correct Answer Incorrect Answer
      C Sahara and GSHP Realtech Correct Answer Incorrect Answer
      D ADB Shipyard and Sumangal Industries Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      SEBI auctioned the properties of Sumangal Industries and GSHP Realtech on 25 August 2022 to recover money that was illegally raised from investors. SEBI probe has found that, without complying with the regulatory norms, GSHP Realtech raised money from 535 persons in 2012-13 by issuing Non-Convertible Redeemable Debentures.

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