Alkaben Pradipkumar Shah

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Bank and demat accounts defrozen pursuant to SEBI clarification dated February 17, 2025

SAT-appeal

SAT matter SATV-123DF5850FC6BE6BBA6BC16D
Call the appeal for admission on 06 March 2025
Appeal: Appeal No. 102 of 2025; order dated 19 February 2025; admission hearing scheduled for 06 March 2025
The appeals challenged SEBI directions restraining the appellants from dealing in Bharat Global Developers Ltd. securities and freezing their bank and demat accounts in connection with an alleged prima-facie fraudulent preferential-allotment scheme.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous. · All pending interlocutory applications disposed of.
Appeal: Appeal Nos. 102, 103, 104, 105, 106, 107 and 108 of 2025 dismissed as infructuous on 6 February 2025; the order bears a later digitally signed date of 12 March 2025.
Prima-facie fraudulent scheme involving sale of preferentially allotted shares of Bharat Global Developers Ltd (BGDL) with unlawful gains to Noticees 7-19 impounded.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous after SEBI clarification dated February 17, 2025 and defreezing of accounts · All pending interlocutory applications disposed of
Appeal: Appeal Nos. 102, 103, 104, 105, 106, 107 and 108 of 2025 against WTM order dated December 23, 2024 dismissed as infructuous
Prima-facie fraudulent scheme involving sale of preferentially allotted shares of Bharat Global Developers Ltd (BGDL) with unlawful gains impounded
Appeal Nos. 102-108 of 2025 dismissed as infructuous after SEBI clarification dated 17 February 2025 · Bank and demat accounts defrozen; restraint limited to not dealing in BGDL scrip
Appeal: Appeal Nos. 102, 103, 104, 105, 106, 107 and 108 of 2025 dismissed as infructuous on 6 March 2025
Prima-facie fraudulent scheme involving sale of preferentially allotted shares of Bharat Global Developers Ltd (BGDL) with alleged unlawful gains; appellants restrained from dealing in BGDL.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous · All pending interlocutory applications stand disposed of
Appeal: Appeal Nos. 102, 103, 104, 105, 106, 107, 108 of 2025 disposed on 06.03.2025 as dismissed infructuous
Prima-facie fraudulent scheme involving sale of preferentially allotted shares of Bharat Global Developers Ltd. (BGDL) accruing alleged unlawful gains to Noticees 7-19.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous · All pending interlocutory applications disposed of
Appeal: Appeal Nos. 102-108 of 2025 disposed on 06.03.2025 as infructuous following SEBI clarification dated 17.02.2025
Prima-facie fraudulent scheme involving sale of preferentially allotted shares of Bharat Global Developers Ltd (BGDL) accruing alleged unlawful gains to Noticees 7 to 19.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous following SEBI clarification dated February 17, 2025 · All pending interlocutory applications disposed of
Appeal: Appeal Nos. 102, 103, 104, 105, 106, 107 and 108 of 2025 filed against WTM order dated December 23, 2024 dismissed as infructuous on 06.03.2025
Prima-facie fraudulent scheme via sale of preferentially allotted shares of Bharat Global Developers Ltd (BGDL) with unlawful gains impounded from Noticees 7-19.
Appeal Nos. 102 to 108 of 2025 dismissed as infructuous · Bank and demat accounts treated as defrozen per SEBI clarification dated 17 Feb 2025
Appeal: Appeal Nos. 102-108 of 2025 filed against WTM order dated 23 Dec 2024 disposed on 06 Mar 2025 as infructuous

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Source: SecMarx — Alkaben Pradipkumar Shah. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.