Arup Kumar Roy
Penalties and directions recorded
- Appellant and company/directors jointly and severally directed to refund collected money with 15% annual interest.
- Refunds to be made through crossed non-transferable demand drafts or pay orders.
- Parties directed to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
- Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
SAT-appeal
- Infocare Infra Ltd., an unlisted company, allegedly mobilized public funds through Redeemable Preference Shares and Non-Convertible Debentures in contravention of the Companies Act and applicable securities regulations. The appellant was alleged to have participated in fund mobilization through an advertisement.Appeal No. 88 of 2020 dismissed without costs. · Appellant and company/directors jointly and severally directed to refund collected money with 15% annual interest.Appeal: Appeal No. 88 of 2020, heard on 24 March 2021 and decided on 7 April 2021; dismissed without costs.
- SAT matter SATV-3DEA8520654BC002387329D4List Appeal No. 88 of 2020 on March 04, 2021 · Parties directed to take instructions from Registrar 48 hours before fixed date on video vs physical hearingAppeal: Appeal No. 88 of 2020 with Misc. Application No. 97 of 2020 (Delay Application) pending, next listed on March 04, 2021
- SAT matter SATV-B85CEA666CA1D20F9BD23EBCListed for admission and final disposal on 20 January 2021 · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearingAppeal: Appeal No. 88 of 2020 - pleadings complete; listed for admission and final disposal on 20 January 2021 vide procedural order dated 13 January 2021
- SAT matter SATV-583CD4D31FF3D62FF079E2ADDelay in filing the appeal was condoned. · Miscellaneous Application No. 97 of 2020 was allowed.Appeal: Appeal No. 88 of 2020; delay condoned and matter heard with order reserved on 24 March 2021.
- Collection of funds from investors under scheme by Infocare Infra Ltd and directors leading to WTM refund directionImpugned WTM order dated 01 March 2016 quashed and set aside qua appellant Arup Kumar Roy · Matter restored to WTM of SEBI for passing fresh order on merits and in accordance with lawAppeal: Appeal No. 295 of 2016 decided and disposed on 19.12.2017 by SAT, Mumbai
Source: SecMarx — Arup Kumar Roy. 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.