Debock Industries Faces Seven Year SEBI Debarment Over Rs 59 Crore Fraud

SEBI final order held Debock inflated sales/purchases, fictitious preferential issues, forged bank statements and diverted Rs49.5cr rights issue. Directed Debock and MD 7-year market debarment, Rs49cr repayment with 12% interest, Rs59.3cr disgorgement and penalties up to Rs20.1cr.