Chaturvedi & Shah LLP

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI Adjudicating Officer’s order dated 20 April 2023 imposing Rs. 5 lakh penalty was set aside.
Penalty imposed on the appellant was quashed.

SAT-appeal

SAT matter SATV-1027562C2E0664E93BAB4A14
Delay in filing the reply and rejoinder condoned · Miscellaneous applications allowed and taken on record
Appeal: Appeal No. 625 of 2023 was adjourned on 16 October 2023 and listed for 1 November 2023; no final disposal recorded.
SAT matter SATV-8C522EB6358C4A71200125CE
Order reserved after hearing both parties
Appeal: Appeal No. 625 of 2023 - heard on 03.11.2023, order reserved
Alleged facilitation of a scheme to clean up CG Power’s books and conceal irregularities and misstatements, amounting to fraud under Section 12A and the PFUTP Regulations.
Appeal allowed. · SEBI Adjudicating Officer’s order dated 20 April 2023 imposing Rs. 5 lakh penalty was set aside.
Appeal: Appeal No. 625 of 2023 decided on 4 December 2023; appeal allowed and AO order dated 20 April 2023 set aside.

Analyse these matters in Ontology · Plans

Source: SecMarx — Chaturvedi & Shah LLP. 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.