B. G. Jain

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM order: restrain appellants from accessing securities market for 3 years from 14 Oct 2021
AO order: monetary penalty of Rs.20 lakhs on D.B. Jain and Rs.15 lakhs on B.G. Jain
WTM restraint from securities market for 3 years from 14 Oct 2021 noted as having worked itself
AO monetary penalty noted; Tribunal holds fraudulent GDR scheme proved

SAT-appeal

Fraudulent GDR issue by Nakoda Ltd where Vintage FZE subscription was funded by EURAM Bank loan secured by undisclosed pledge of GDR proceeds, falsely portraying genuine foreign investment.
WTM order: restrain appellants from accessing securities market for 3 years from 14 Oct 2021 · AO order: monetary penalty of Rs.20 lakhs on D.B. Jain and Rs.15 lakhs on B.G. Jain
Appeal: Appeal No.290 of 2022 against WTM order 14 Oct 2021 and Appeal No.1031 of 2022 with Misc. App 1579/2022 against AO order 30 Aug 2022 u/s 15T, reserved 23 July 2025, pronounced 6 Aug 2025
Fraudulent GDR issue by Nakoda Ltd with undisclosed pledge to EURAM Bank securing Vintage FZE loan, falsely showing USD 24.25 mn foreign subscription.
WTM restraint from securities market for 3 years from 14 Oct 2021 noted as having worked itself · AO monetary penalty noted; Tribunal holds fraudulent GDR scheme proved
Appeal: Appeal No.290 of 2022 and Appeal No.1031 of 2022 with Misc. Appl.1579/2022 u/s 15T, reserved 23 Jul 2025, pronounced 06 Aug 2025

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Source: SecMarx — B. G. Jain. 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.