Arvind Kumar Jagannath Prasad Gupta

SAT-appeal

• SAT matter SATV-05EC656FF70F905507989583
  List the matters on 8 September 2021. · Parties to contact the Registrar 48 hours before the listed date regarding video-conference or physical hearing.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed; the matters were adjourned to 8 September 2021.
• Issuance of optionally convertible debentures to 156 entities in 2012-13 and 2013-14, allegedly constituting an unlawful public issue in violation of Section 67 of the Companies Act and applicable ICDR requirements.
  Appeals challenging SEBI WTM order dated 7 April 2020 were heard; the extracted text does not state the final operative disposal directions. · Restriction from accessing the securities market and associating with listed public companies was imposed by the challenged order until four years after completion of investor refunds.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 heard together; decision dated 17 June 2022. Final disposal outcome is not included in the extracted text.
• SAT matter SATV-1AE977B30F53B1576E7BC632
  Matters adjourned on SEBI's request · Listed for 13 January 2022
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 and 526 of 2021 were adjourned on 6 December 2021 and listed for 13 January 2022; no disposal on merits stated.
• Issuance of optionally convertible debentures to 156 entities, allegedly amounting to a public issue without complying with the Companies Act and ICDR Regulations; directors were alleged to be officers in default.
  Appeals challenged the WTM order restraining appellants from accessing the securities market. · Restriction also barred association with listed public companies until four years after completion of refunds to OCD investors.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 decided by SAT on 17 June 2022; connected stay and delay applications considered.
• SAT matter SATV-27C6D3A23C78AFDB2A99C605
  All matters listed for 8 September 2021 · Parties directed to contact the Registrar 48 hours before the hearing date regarding video conferencing or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed; no disposal on merits recorded.
• SAT matter SATV-220A9FCB74EEEF35196EB457
  List the matters on 8 September 2021 · Parties to contact the Registrar 48 hours before the hearing date regarding video or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed for further hearing on 8 September 2021; no disposal on merits stated.
• Issuance of optionally convertible debentures to 156 entities in financial years 2012-13 and 2013-14, allegedly constituting a public issue without complying with applicable Companies Act and ICDR requirements.
  Appeals challenged the WTM order restraining appellants from accessing the securities market. · Appellants were restrained from associating with listed public companies until four years after completion of investor refunds.
  Appeal: SAT heard and decided Appeal Nos. 569 of 2020, 139 of 2021 and 197 of 2021 on 17 June 2022; the extract also identifies Appeal No. 397 of 2021.
• Issuance of optionally convertible debentures to 156 entities, allegedly constituting a public issue without complying with applicable Companies Act and ICDR requirements.
  Appeals challenge the WTM order restraining appellants from accessing the securities market and associating with listed public companies. · Neesa required to refund amounts collected through the OCDs; market restraint continued until four years after completion of refunds.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021 and 197 of 2021; decided by SAT on 17 June 2022. Appeal No. 397 of 2021 also heard in the common matter.
• SAT matter SATV-26D9E267A94D78E7759C6A4B
  Delay condoned in Appeal No. 139 of 2021 via Misc. Application No. 162 of 2021 · Arguments heard; order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 before SAT; delay condoned and order reserved on 04.04.2022
• NTL offered and issued NCDs in FY 2013-14 for Rs.5.96 crores to 341 persons constituting deemed public issue under Section 67 without compulsory listing under Section 73(1); directors jointly and severally liable.
  SAT dismissed Appeal Nos. 227/2016, 228/2016, 156/2017, 159/2017 confirming WTM order dated June 2, 2016 · Restrained from accessing securities market and buying, selling or dealing in securities directly or indirectly with immediate effect
  Appeal: Appeal Nos. 227/2016, 228/2016, 156/2017 with Misc. Appl. 90-91/2018 and 159/2017 heard 27.03.2019, dismissed 16.04.2019; NTL Appeal No. 311/2016 already dismissed 28.04.2017
• SAT matter SATV-4B1B72646AF0539E286BB424
  Adjourned on request of appellant as he is unwell · List on October 8, 2021
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 adjourned to October 8, 2021; no disposal on merits
• SAT matter SATV-580DF24955F02AA579CDAD1D
  Adjourned on request of appellant as he is unwell; list on October 8, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 pending; adjourned to October 8, 2021
• SAT matter SATV-512D4EEC2378277138AAE393
  Bench not available - List all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
• SAT matter SATV-5DE98A8D39F42E619634857D
  Adjourned and listed on February 14, 2022 as arguing counsel unwell · Parties to seek instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 adjourned to 14.02.2022, no disposal on merits
• SAT matter SATV-83C14D0BCC2F79329E453B0A
  Three weeks further time granted to file rejoinder in three appeals where not filed · All matters listed on 4 April 2022; delay application in one appeal to be considered then
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. 165/2021, 162/2021 pending before SAT; listed on 4 April 2022
• SAT matter SATV-8B0E4DFB8D9817323A1432BB
  Delay in filing Appeal No. 139 of 2021 condoned; Misc. Application No. 162 of 2021 allowed · Heard counsel for parties; order reserved
  Appeal: Misc. App. No. 165/2021 and Appeal No. 569/2020, Misc. App. 162/2021 and Appeal 139/2021, Appeals 197/2021, 397/2021 heard on 04.04.2022; delay condoned, order reserved
• SAT matter SATV-8A439816A55439967ABC62F5
  Three weeks further time allowed to file rejoinder where not filed in three appeals · All matters listed on 4 April 2022
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. Nos. 165/2021, 162/2021 pending; adjourned to 4 April 2022; delay application deferred
• SAT matter SATV-97B3ABDCBF3A410E89A858DF
  Adjourned on request of respondent SEBI · List on January 13, 2022
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 adjourned to January 13, 2022
• SAT matter SATV-A4C80C66D49B898C31E6DEA4
  Bench not available, list matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Appl. 165 of 2021, 162 of 2021 adjourned to December 6, 2021
• NTL offered NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons, a deemed public issue under Sec 67 proviso, without compulsory listing under Sec 73(1) and Sec 56,60,117C compliance.
  Appeals dismissed, WTM order dated June 2, 2016 upheld with joint and several liability · Restrained from accessing securities market and buying/selling/dealing directly or indirectly with immediate effect
• SAT matter SATV-A76BD1BB76553FCC9E44AA29
  Adjourned on request of respondent SEBI · List matters on January 13, 2022
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 pending; adjourned to 13 January 2022 with no final disposal
• SAT matter SATV-A0792FFCFEE4711C74A4ACC3
  Delay in filing Appeal No. 139 of 2021 condoned; Misc. Application No. 162 of 2021 allowed · Heard parties; order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 pending; order reserved on 04.04.2022; delay in Appeal No. 139 of 2021 condoned
• SAT matter SATV-C04AF3CBC5BC41FF9D37CD24
  Appeals dismissed with liberty to appellants to file amended memo of appeal · Misc. applications disposed of accordingly
  Appeal: Appeal Nos. 539 of 2020, 474 of 2020 and 17 of 2021 dismissed on 11.01.2021; Misc. Applications 593/2020, 490/2020, 591/2020 disposed
• SAT matter SATV-B24EC26D53B016DBD581937D
  Rejoinder not filed in three appeals; three weeks further time granted to file rejoinder · Matter listed on 4th April, 2022
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Applications 165/2021, 162/2021 pending before SAT; adjourned, not disposed
• SAT matter SATV-CF3727FCF0C5C444309C6DE0
  Bench not available; list all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Applications 165/2021, 162/2021 (Stay) pending; adjourned to 06.12.2021 with no disposal on 08.10.2021
• SAT matter SATV-D520ED70C77C36C341AD5FA1
  Adjourned on request of respondent, list on January 13, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139, 197, 397, 526 of 2021 with Misc. Appl. 165, 162 of 2021 adjourned to January 13, 2022
• SAT matter SATV-DD91A264E6B978497248B095
  Delay in filing Appeal No. 139 of 2021 condoned and Misc. Application No. 162 of 2021 allowed · Heard counsel for parties in connected appeals and order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 before SAT heard on 04.04.2022; order reserved; delay in 139 of 2021 condoned
• SAT matter SATV-D5DC8D6DC1E11EB2E393CE44
  Allowed three weeks further time to file rejoinder where not filed in three appeals · Listed matters on 4 April 2022
• SAT matter SATV-E76BA25B95507238A57687EE
  Three weeks further time allowed to file rejoinder in three appeals where not filed · List all matters on 4th April, 2022
• SAT matter SATV-EE6F421A69315F3536F0F59B
  List matter on February 14, 2022 as arguing counsel is unwell · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 and 162 of 2021 pending, adjourned to 14.02.2022
• SAT matter SATV-E2D94EA05C47349DC0201185
  Appeals dismissed with liberty to file amended memo of appeal within two weeks · Misc. Applications Nos. 593 of 2020, 490 of 2020 and 591 of 2020 disposed of accordingly
  Appeal: Appeal Nos. 539 of 2020, 474 of 2020 and 17 of 2021 with Misc. Applications 593, 490 of 2020 and 591 of 2020 dismissed with liberty to refile, decided 11.01.2021
• Neesa Technologies Ltd. offered and issued NCDs in FY 2013-2014 for Rs. 5.96 crores to 341 persons without compulsory listing, constituting deemed public issue violating Sections 56, 60, 73, 117C of Companies Act, 1956.
  Restrain appellants from accessing securities market with immediate effect · Prohibit buying, selling or otherwise dealing in securities directly or indirectly
• SAT matter SATV-68F97CCB439431C1A41342CC
  Girishchandra M. Baluni's matter adjourned at his request because he was unwell · All matters listed for 8 October 2021
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 and 526 of 2021 were listed; no final disposal recorded in this order.
• SAT matter SATV-67D3DF3C603CA511A492B535
  Adjourned and listed on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 pending; adjourned to 14.02.2022
• SAT matter SATV-5C53C31B79B2393E368918FC
  Adjourned on appellant's request as he is unwell · List matters on October 8, 2021
  Appeal: Misc. App. 165/2021 + Appeal 569/2020, Misc. App. 162/2021 + Appeal 139/2021, Appeals 197/2021, 397/2021, 526/2021 pending; adjourned on 08.09.2021, no disposal
• NTL offered and issued NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons deemed public issue under Section 67 proviso without compulsory listing under Section 73(1) Companies Act 1956; directors jointly-severally liable.
  Restrained from accessing securities market and prohibited from buying, selling or dealing directly/indirectly with immediate effect · Restrained from issuing prospectus, offer document or advertisement soliciting public money
  Appeal: Appeal Nos 227/2016, 228/2016, 156/2017 with Misc Apps 90-91/2018 heard 27.03.2019 decided 16.04.2019 - held no merit; NTL Appeal No 311/2016 dismissed 28.04.2017
• SAT matter SATV-737EA9EC60890B6352E0B3FF
  Bench not available - list all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021 and 162 of 2021 pending before SAT; adjourned to 6 December 2021
• SAT matter SATV-7F295E45216FA880381F3EDF
  Adjourned on request of respondent SEBI · List on January 13, 2022
• SAT matter SATV-8DE8925EF908E6D64A6E90F7
  Appeals dismissed with liberty to file amended memo of appeal within two weeks · Misc. Applications (delay applications) disposed of accordingly
  Appeal: Appeal Nos. 539/2020, 474/2020 and 17/2021 with Misc. Applications 593/2020, 490/2020, 591/2020 disposed on 11.01.2021 with liberty to refile
• SAT matter SATV-9B7DB59572B86A9C7DFBE6A8
  Adjourned on request and listed on October 8, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications Nos. 165 of 2021 and 162 of 2021 pending; adjourned to October 8, 2021
• SAT matter SATV-B02CBED3EDDD9953DCF44FA2
  Bench not available, matters listed on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 pending; adjourned to 06.12.2021
• SAT matter SATV-CD093884A1C1937589C8CBD4
  List all appeals on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. Nos. 165/2021, 162/2021 adjourned to 14.02.2022
• SAT matter SATV-E7DE02A9E28D5D4164F929C8
  List matters on 8 September 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 pending before SAT; listed on 8 September 2021