Aman Mehta

SAT-appeal

• SAT matter SATV-03EB8EC423DB290CCAF48C52
  Appeal disposed of as not pressed · Liberty granted to appellants to challenge any subsequent adverse order
  Appeal: Appeal No. 161 of 2018, decided on 08 June 2018; disposed of as not pressed
• Alleged fraudulent and misleading buyback announcement made without intent to complete the buyback, and failure to place sufficient buy orders; individual appellants were alleged to have facilitated the announcement by signing it.
  Appeals against the common AO order were heard together; the Tribunal found the allegations were not proved. · Impugned monetary penalties were set aside and the appeals were allowed.
  Appeal: Appeal Nos. 420 of 2021 and 486 of 2021; common AO order dated 19 May 2021; appeals allowed and penalties set aside on 5 October 2023.
• Alleged fraudulent and misleading announcement of a buyback without intent to complete it, inadequate buy orders, and facilitation by signatories to the public announcement.
  SAT considered Appeals Nos. 420 and 486 of 2021 against the common AO order dated 19 May 2021; the supplied text ends before the operative final decision.
  Appeal: Appeal No. 420 of 2021 and Appeal No. 486 of 2021 were heard together; final disposal is not included in the supplied text.