Asia Texx Enterprises Limited
Penalties and directions recorded
- Impugned WTM directed appellants jointly and severally to disgorge USD 92 million with 6% simple interest from March 27, 2009 till Dec 31, 2014
- Impugned WTM restrained appellants plus six others from securities market for 10 years from date of order
SAT-appeal
- Fraudulent USD 200 million GDR issue by Cals Refineries in December 2007 with circular subscription via Honor/Banco loan and Account Charge, plus round-tripping of USD 92 million on 27 March 2009 via sham refinery machinery contract.Delay of 14 days in filing Appeal No. 219 of 2015 condoned
- Fraudulent USD 200 million GDR issue by Cals Refineries in Dec 2007 with circular subscription and round-tripping of USD 92 million via sham refinery deal to discharge subscriber loanImpugned WTM directed appellants jointly and severally to disgorge USD 92 million with 6% simple interest from March 27, 2009 till Dec 31, 2014 · Impugned WTM restrained appellants plus six others from securities market for 10 years from date of order
Source: SecMarx — Asia Texx Enterprises Limited. 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.