Chandrasen Ganpatrao Bhise

SAT-appeal

• SAT matter SATV-3C5610BC6F5FF5A3F8240D25
  Delay of 11 days in filing the appeal condoned · SEBI directed to supply a certified copy of the impugned order within two weeks from 12 November 2020
  Appeal: Appeal Lodging No. 422 of 2020; order dated 12 November 2020 condoned filing delay and issued procedural directions; final disposal pending
• SAT matter SATV-5E81433A29FC11938553B353
  List Appeal No. 424 of 2020 for admission and final disposal on July 27, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal No. 424 of 2020 with Misc. Applications Nos. 417/2020, 486/2020, 556/2021 pending; listed for admission and final disposal on July 27, 2021
• Time-sharing schemes were unregistered CIS violating Sec 12(1B) read with CIS Reg 3; directors illegally mobilised funds violating Reg 4(2)(t) PFUTP.
  Tribunal held Reg 4(2)(t) violation not proved against appellant for want of fraud finding and no evidence of mobilisation after 2010 · Finding that time-sharing business is CIS affirmed via WTM order and final inter se; not reopened
  Appeal: Appeal No.424 of 2020 with Misc. Appl. 417/2020, 486/2020, 556/2021; reserved 21.02.2022, decided 02.03.2022
• Operating unregistered Collective Investment Scheme under guise of time-sharing holiday plans, mobilising Rs 7035 cr without CIMC registration.
  Refund Rs 7035 crore to investors as per SEBI order dated 29 Feb 2016 under challenge · Wind up CIS operated as time-sharing business
• SAT matter SATV-9E4E40EC694D9F979D6920A4
  List matter for admission and final disposal on January 15, 2021 · Rejoinder may be filed in the meanwhile
  Appeal: Misc. Application No. 417 of 2020 (Stay Application) and Appeal Lodging No. 422 of 2020 pending; listed for admission on January 15, 2021
• SAT matter SATV-D6F93EA82A6A37EE514148DC
  Adjourned on request of counsel for respondent, list on November 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal No. 424 of 2020 with Misc. Applications Nos. 417 of 2020, 486 of 2020 and 556 of 2021 pending; adjourned to November 8, 2021 with no disposal on merits
• SAT matter SATV-FF429AC8BE63C1D89E1CBB3C
  Matter adjourned due to connectivity issue at appellant counsel's end, listed on January 18, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal No. 424 of 2020 with Misc. Applications No. 417 of 2020, 486 of 2020 and 556 of 2021 pending; adjourned to 18 January 2022, not disposed
• Deliberate suppression / piecemeal disclosure of company and directors assets and bank accounts in violation of para 34(e) of SEBI order dated February 29, 2016, jeopardizing investor interests.
  Misc. Application No. 193 of 2016 allowed; partial stay orders dated March 9, 2016 and March 15, 2016 vacated · Appeals Nos. 52 and 53 of 2016 listed for final hearing on consent as pleadings complete
• SAT matter SATV-AF38E6B6DEA95264DF170D08
  List Appeal No. 424 of 2020 on February 21, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal No. 424 of 2020 pending with Misc. Applications Nos. 417/2020, 486/2020, 556/2021; next listed on February 21, 2022
• Deliberate suppression and piecemeal disclosure of company and directors assets in violation of para 34(e) of SEBI order, jeopardizing investor interests.
  Vacated interim stay orders dated March 9, 2016 and March 15, 2016 barring coercive steps and third-party letters · Listed Appeal Nos. 52 and 53 of 2016 for final hearing on December 5, 2016 as pleadings complete
  Appeal: Misc. Application No. 193 of 2016 allowed on 17.11.2016 vacating stay; Appeal Nos. 52 and 53 of 2016 pending for final hearing on 05.12.2016
• SAT matter SATV-E266D837F0497A04626AF767
  Matter adjourned and listed on February 5, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal No. 424 of 2020 with Misc. Application No. 417 of 2020 (Stay Application) pending; adjourned to February 5, 2021