Banas Finance Ltd.

SAT-appeal

• SAT matter SATV-489DDA80B0664AB5693B3824
  Respondent SEBI directed to file limited reply on maintainability of appeal · Matters listed for admission on March 6, 2024
  Appeal: Appeal Nos. 28 and 29 of 2024 with connected Misc. Applications pending; limited reply on maintainability ordered, listed for admission on March 6, 2024
• SAT matter SATV-8CBC3D96C4C3E39B96D468B0
  List for admission on January 18, 2024
  Appeal: Appeal No. 28 of 2024 and Appeal No. 29 of 2024 listed for admission on January 18, 2024 with tagged Misc. Applications
• SAT matter SATV-E08EE01C2F7FE75699FE3F02
  List for admission on April 30, 2024
  Appeal: Appeal No. 28 of 2024 and Appeal No. 29 of 2024 with connected Misc. Applications pending; listed for admission on April 30, 2024 vide order dated 17.04.2024
• Alleged diversion of preferential issue proceeds of Tilak Ventures in guise of loan repayments to connected finance companies.
  Appeal Nos. 28 and 29 of 2024 dismissed as not maintainable; no direction against appellants in ED order · Appellants defence against any future recovery proceedings by Tilak Ventures kept open
  Appeal: Appeal Nos. 28-29 of 2024 dismissed 30.04.2024; Tilak Ventures separate challenge to same ED order noted as pending
• SAT matter SATV-807AE171666E7466CD3779B4
  List for admission on April 30, 2024
  Appeal: Appeal No. 28 of 2024 (Handful Investrade) with Misc. Applications 57, 58, 63 of 2024 and Appeal No. 29 of 2024 (Banas Finance) with Misc. Applications 55, 56, 64 of 2024 pending; listed for admission on April 30, 2024 vide order dated 17.04.2024
• Alleged failure to make acquisition disclosures to BSE after Handful acquired 14.50 lakh shares (14.22%) via preferential allotment crossing 5% threshold.
  Appeal No.275 of 2018 allowed without order as to costs · Impugned Adjudicating Officer order dated 27th April 2018 quashed and set aside
  Appeal: Appeal No.275 of 2018 allowed and disposed on 26.7.2019, AO penalty order quashed