Avantha Holdings Limited

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Noticees 2-5 restrained from accessing/dealing in securities market till further orders
Noticees 2-5 restrained from associating with SEBI intermediaries or listed entity till further orders
CG Power to recover amounts due with interest and take legal action for investors

SAT-appeal

SAT matter SATV-EF761D996FC7ECF8675FC8CA
Misc. Application Nos. 1128 and 1130 of 2021 in Appeal No. 413 of 2019 dismissed as withdrawn with liberty to file appeal
Appeal: Misc. Applications No. 1128 and 1130 of 2021 in Appeal No. 413 of 2019 dismissed as withdrawn with liberty to file appeal on 27.09.2021
Prima facie serious misstatement of accounts and diversion/siphoning of CG Power funds via unauthorized collateral, guarantees and related-party routing in violation of PFUTP and LODR.
Noticees 2-5 restrained from accessing/dealing in securities market till further orders · Noticees 2-5 restrained from associating with SEBI intermediaries or listed entity till further orders
Appeal: Appeal No. 413 of 2019 against WTM ex-parte ad-interim order dated 17 September 2019; reserved on 27.09.2019, decided on 01.10.2019
SAT matter SATV-D54D261E99E86EBE7EFB52BA
Misc. Application No. 70 of 2020 allowed; SEBI directed to pass confirmatory order on or before March 10, 2020 · SEBI while passing confirmatory order can rely only on documents supplied by company or other sources which are also made available to appellants
Appeal: Appeal No. 413 of 2019 against SEBI ex-parte ad-interim order dated September 17, 2019 dismissed on October 01, 2019; Misc. Application No. 70 of 2020 allowed on 18.02.2020

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Source: SecMarx — Avantha Holdings 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.