Bharatiya Real Estate Development Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Liability of appellant restricted to refund Rs 40 lakh with interest jointly and severally with company and other directors

SAT-appeal

Collection of funds from investors by Bharatiya Real Estate Development Ltd. through issuance of redeemable preference shares in violation of public issue norms.
Liability of appellant restricted to refund Rs 40 lakh with interest jointly and severally with company and other directors · Appeal disposed with no order as to costs
Appeal: Appeal No. 472 of 2016 disposed on 25.07.2017 in aforesaid terms with no order as to costs
SAT matter SATV-C50D12581DBFC8B768594F92
Appeal allowed to be withdrawn with liberty to file fresh appeal · All contentions of both parties kept open
Appeal: Appeal No. 230 of 2016 withdrawn with liberty to refile, disposed on 07/11/2016

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Source: SecMarx — Bharatiya Real Estate Development Ltd.. 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.