Amit Khandelwal

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Company penalty reduced to Rs 15 lakh for LODR violation
Penalties on MD, CFO and 4 independent directors set aside
SEBI to refund excess over Rs 15 lakh from Rs 35 lakh deposit

SAT-appeal

Suspected shell company; misrepresentation of financials/accounting standards, misuse of funds/books, LODR disclosure lapses and non-cooperation; PFUTP fraud alleged.
Appeals partly allowed; LODR violation finding affirmed · Debarment reduced to period already undergone by appellants
SAT matter SATV-AEE25539A813FD9AB2EB9297
Three weeks time allowed to appellants to file rejoinder · Matter listed on September 13, 2022
Appeal: Appeal No. 308 of 2022 with Misc. Application No. 555 of 2022 and Appeal No. 402 of 2022 pending; rejoinder stage; next date September 13, 2022
Alleged connection with purchaser of scrip leading to disgorgement and debarment; appellants claim they were mere sellers with no connection to company, directors or promoters.
Delay in filing appeals condoned; miscellaneous applications allowed · Appeals connected with Appeal No. 791 of 2023 and listed on January 31, 2024
Appeal: Appeal Nos. 44-49 of 2024 with Misc. Applications 1579-1602 of 2023; delay condoned on 18.01.2024; impugned order stayed, pending hearing on 31.01.2024

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Source: SecMarx — Amit Khandelwal. 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.