BMD Exports Pvt. Ltd.

SAT-appeal

• Investigation concerned alleged irregularities in the IPO of RDB and subsequent listing-day trading amid wide price fluctuations. The appellants had been restrained from trading and faced parallel adjudication proceedings.
  Review Applications Nos. 1 to 4 of 2015 dismissed · Request to remand matters to the Adjudicating Officer for fresh consideration rejected
  Appeal: Review Applications Nos. 1 to 4 of 2015 in Appeals Nos. 93, 104, 180 and 181 of 2014 dismissed by SAT on 13 March 2015; review sought of the Tribunal's order dated 19 December 2014.
• Alleged manipulation in IPO of RDB and trading on listing day which witnessed wide price fluctuations, leading to WTM restraint and AO penalty proceedings.
  Review Application Nos.1 to 4 of 2015 dismissed · Request for remand to Adjudicating Officer for fresh consideration rejected
• Alleged irregularities in IPO of RDB and subsequent trading on listing day which witnessed wide price fluctuations.
  Review Applications No.1 to 4 of 2015 dismissed · Plea to remand matter to Adjudicating Officer for fresh consideration rejected
• RDB Rasayans IPO proceeds routed circuitously through interconnected entities to fund four loss-making listing-day buyers to meet T+2 pay-in obligations.
  Misc. Applications 73 and 74 of 2014 - 5 days delay condoned and disposed · Appeal Nos. 93, 104, 180, 181 of 2014 heard together, lead order in 93 of 2014 applies to all
  Appeal: Appeal Nos. 93, 104, 180, 181 of 2014 decided 19/12/2014 - AO findings upheld, appeals effectively dismissed
• RDB Rasayan IPO proceeds allegedly routed circuitously via connected entities to fund loss-making listing-day buyers to meet T+2 pay-in obligations.
  Delay of 5 days in Appeal 180 and 181 condoned · Findings of Adjudicating Officer upheld
  Appeal: Appeal Nos. 93, 104, 180 and 181 of 2014 decided on 19/12/2014 - AO findings upheld