Carnation Industries Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SAT dismissed Appeal No.107 of 2023 and upheld AO penalties

SAT-appeal

SAT matter SATV-5E68F3CB76CA78336D8E90F1
Matter adjourned on the respondent's request. · Appeal listed for hearing on 23 August 2023.
Appeal: Miscellaneous Application No. 1769 of 2022 and Appeal No. 107 of 2023; order dated 18 August 2023; adjourned and listed for 23 August 2023.
Failure to provide for interest on SBI/PNB loans after NPA classification and reversal of interest provision in FY 2017-18 contrary to Ind AS, mis-stating financial statements under LODR.
SAT dismissed Appeal No.107 of 2023 and upheld AO penalties · All interlocutory applications disposed of
Appeal: Appeal No.107 of 2023 with Misc. Application No.1769 of 2024 dismissed by SAT order dated 12.07.2024 (reserved 12.06.2024)

Analyse these matters in Ontology · Plans

Source: SecMarx — Carnation Industries 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.