Capital Grow Financial Services

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned AO order imposing Rs. 6 lakh penalty set aside.

SAT-appeal

Alleged misleading of investors, making false commitments, and failure to resolve an investor complaint within a time-bound manner.
Impugned AO order imposing Rs. 6 lakh penalty set aside. · Matter remitted to the Adjudicating Officer for a fresh order after service of a show cause notice and opportunity of hearing.
Appeal: Appeal No. 455 of 2023 decided on June 9, 2023; impugned order set aside and matter remitted to the AO.
SAT matter SATV-816183D42401D4BA83E0FCD8
Adjourned on request of learned counsel for the appellant · List for admission on June 9, 2023
Appeal: Appeal Nos. 455, 456 and 457 of 2023 adjourned on 17.05.2023 on appellant's request; listed for admission on June 9, 2023; no disposal on merits

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Source: SecMarx — Capital Grow Financial Services. 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.