"Sanjiv Jain was arrested on Saturday by the STF team of Shahdara from the IGI airport following non-bailable warrants issued against the CEO for his inability to appear before the National Consumer Disputes Redressal Commission," Deputy Commissioner of Police (Shahdara) Surendra Choudhary said in a statement.
The company has been directed to pay the fine within 45 days, the Sebi said in an order
The company was allotted 18,000 square metres of plot on a 90-year lease by the Greater Noida Industrial Development Authority in Uttar Pradesh in a tender process held in 2007.