Ashok Dayabhai Shah

5 matters before the Securities Appellate Tribunal

SAT-appeal

SAT matter SATV-04823F6E919D65C68B7A10E3
Intervention application to be placed along with the memo of appeal on 20 April 2023
Appeal: Miscellaneous Application No. 552 of 2023 in Appeal Lodging No. 310 of 2023; order dated 18 April 2023 directing placement of the intervention application with the memo of appeal on 20 April 2023
Alleged incorrect disclosure of promoter shareholding, concealment of true promoters, failure to comply with Minimum Public Shareholding norms, and issues concerning exit-offer circulars.
Miscellaneous Application No. 421 of 2024 sought amendment of paragraph 22 of the memorandum of Appeal No. 709 of 2021.
Appeal: Appeal No. 709 of 2021 pending; Appeal No. 428 of 2019 disposed of on 14 November 2019.
SAT matter SATV-2CF9AA80AF90290B146118AC
SEBI directed to pass a reasoned and speaking order on the appellants' complaint on or before 30 September 2021 · Miscellaneous applications disposed of
Appeal: Appeal No. 428 of 2019; miscellaneous applications disposed of on 24 August 2021
BNL, PNBF and Camac allegedly concealed true promoter shareholding, made incorrect disclosures and failed to comply with MPS norms and disclosure requirements.
Review of Tribunal order dated 17 December 2024 dismissing Misc. Application No.421 of 2024 seeking amendment in Appeal No.709 of 2021 · Matter heard and reserved on 15 September 2025, pronounced on 5 December 2025
Appeal: Review Appeal No.5 of 2025 with Misc. Application No.815 of 2025 against Tribunal order dated 17 December 2024 in Misc. Application No.421 of 2024 in Appeal No.709 of 2021 pending since November 2021; Civil Appeal No.1223 of 2025 filed before Supreme Court
Incorrect disclosure of promoter shareholding by BNL, PNBF and Camac and consequent failure to maintain 25% minimum public shareholding, with control by Vineet Jain and Samir Jain family misclassified as public.
Held SCORES complaint disposal communication is appealable order under Section 15T; preliminary objection on maintainability rejected
Appeal: Appeal No. 428 of 2019, Order Reserved on 18.10.2019, Date of Decision 14.11.2019; Tribunal held SCORES disposal appealable

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Source: SecMarx — Ashok Dayabhai 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.