CAT Technologies Ltd.

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO-imposed penalties left undisturbed.
Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
No interference with AO penalty; discretion held just and fair
Parties to take instructions from Registrar 48 hrs before date fixed on mode of hearing
AO penalty upheld, no interference with discretion, no reduction

SAT-appeal

Fraudulent arrangement involving GDR issuances, self-subscription through pledge and loan arrangements, diversion or misuse of proceeds, misleading corporate announcements, and non-disclosure of material agreements, allegedly defrauding Indian investors.
Delay of 19 days in filing the appeals condoned. · Miscellaneous applications allowed.
Appeal: Appeal Nos. 640, 641, 642 and 643 of 2021 dismissed on 18 October 2021; Appeal No. 439 of 2021 concerning the WTM order was dismissed on 6 October 2021.
SAT matter SATV-08E31B8E672A4F767EA199B5
Matter adjourned · List the appeal on 18 May 2021
Appeal: Appeal No. 439 of 2019; order dated 12 April 2021 adjourned the matter and listed it for 18 May 2021
Fraudulent GDR issuance scheme where company via pledge and loan agreements funded its own subscription through Vintage FZE/Arun Panchariya, diverted proceeds and made misleading announcements to defraud Indian investors.
Delay of 19 days in filing Appeals condoned · Appeal Nos. 640-644 of 2021 dismissed at admission stage on merits
Appeal: Appeal Nos. 640-644 of 2021 dismissed on 18.10.2021; prior Appeal No. 439 of 2021 against WTM order dismissed on 06.10.2021
SAT matter SATV-710C70B12C8A80FC1166A8D9
Matter stood over to 6 October 2021 due to non-availability of Bench · Parties to act on digitally signed copy sent by fax and/or email
Appeal: Appeal No. 439 of 2019 pending; adjourned on 13.08.2021 to 06.10.2021, not disposed
SAT matter SATV-76720C4F36FFD2EEBB9F166F
Delay in filing appeal condoned, Misc. Application allowed · Appeal listed on 16 March 2021
Appeal: Misc. Application No.545 of 2019 allowed condoning delay in Appeal No.439 of 2019; appeal pending, listed on 16 March 2021
Fraudulent GDR issuance scheme by CAT Technologies with directors/promoters in connivance with Arun Panchariya entities to defraud Indian investors.
Delay of 19 days in filing appeals condoned · Appeals No.640-644 of 2021 dismissed at admission stage on merits
Appeal: Appeal Nos.640-644 of 2021 dismissed on 18.10.2021; prior Appeal No.439 of 2021 dismissed on 06.10.2021
Fraudulent GDR issuance scheme where company via pledge and loan agreements funded its own subscription through Vintage FZE to defraud Indian investors.
Delay of 19 days in filing appeals condoned · Appeal Nos. 640-644 of 2021 dismissed at admission stage on merits
Appeal: Appeal Nos. 640-644 of 2021 with Misc. Applications 833-837 of 2021 dismissed on 18.10.2021
Fraudulent GDR issuance scheme in connivance with Arun Panchariya entities to defraud Indian investors; company funded its own subscription via pledge and loan agreements.
Delay of 19 days condoned, Misc. Applications 833-837 of 2021 allowed · Appeals No.640-644 of 2021 dismissed at admission stage for lack of merit
Appeal: Appeal Nos.640-644 of 2021 against AO order dated 28 April 2021 dismissed on 18.10.2021

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Source: SecMarx — CAT Technologies 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.