Chintalapati Srinivasa Raju

SAT-appeal

• The appellants were alleged to be insiders with access to UPSI concerning inflated books and financial condition of Satyam, and to have sold or pledged Satyam shares while possessing that UPSI, making unlawful gains.
  Appeals against the WTM order dated 10 September 2015 were heard together and disposed of by the common decision. · The restraint from accessing the securities market based on PFUTP Regulation 11 was held unsustainable because no PFUTP violation was established.
  Appeal: Appeal Nos. 451, 452, 453, 458, 459, 460, 461, 462 and 463 of 2015; SAT decision dated 11 August 2017. The text also mentions the Tribunal's 12 May 2017 order concerning B. Ramalinga Raju and B. Rama Raju.
• Promoters/connected persons deemed insiders sold/pledged Satyam shares while in possession of UPSI that Satyam books were inflated from 2001-2008.
  Impugned WTM order: restrain appellants from securities market for 7 years · Impugned WTM order: disgorge para 65 unlawful gains jointly/severally with Raju duo with 12% interest from 07.01.2009
  Appeal: Appeal Nos. 451-453, 458-463 of 2015 plus Misc App 87/2017 against WTM common order 10.09.2015; reserved 02.08.2017, decided 11.08.2017
• Promoters/connected persons sold/pledged Satyam shares while in possession of UPSI that Satyam books were inflated during 2001-2008, violating PIT Regulations and SEBI Act.
  Restrain appellants from accessing securities market for 7 years per impugned para 61 · Disgorge unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju
  Appeal: Appeal Nos. 451,452,453,458,459,460,461,462,463 of 2015 and MA 87/2017 against WTM order 10.09.2015; reserved 02.08.2017, decided 11.08.2017
• SAT matter SATV-B648DB5451DDAEEE05DA3A39
  Registry directed to correct inadvertent error in order dated 11.8.2017 by numbering paragraphs continuously
  Appeal: Appeal Nos. 451, 452, 453, 458, 459, 460, 461, 462, 463 of 2015 with Misc. Application No.87 of 2017; corrigendum dated 16.8.2017 to common order dated 11.8.2017
• Appellants as Satyam promoters/connected persons were insiders with UPSI that books inflated 2001-2008 and sold/pledged Satyam shares while in possession of UPSI for unlawful gains.
  Restrained from accessing securities market and buying/selling/dealing in securities for 7 years · Disgorge unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju with interest
  Appeal: Appeal Nos. 451,452,453,458,459,460,461,462,463 of 2015 with Misc App 87/2017 decided 11.08.2017, reserved 02.08.2017
• Appellants as Satyam promoters/connected persons were insiders with access to UPSI that Satyam books were inflated and sold/pledged Satyam shares while in possession of UPSI for unlawful gains.
  WTM order restrained appellants from securities market for 7 years from buying/selling/dealing directly or indirectly · WTM directed disgorgement of unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju with 12% interest
  Appeal: Appeal Nos. 451,452,453,458,459,460,461,462,463 of 2015 with Misc. Application 87 of 2017; Reserved 02.08.2017, Decided 11.08.2017
• Promoter/connected persons as insiders sold/pledged Satyam shares while in possession of UPSI that Satyam books were inflated from 2001-2008, violating SEBI Act and PIT Regulations.
  WTM order 10.09.2015: restrain appellants from securities market for 7 years · Direct disgorgement of unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju
  Appeal: Appeal Nos. 463, 451, 452, 453, 458, 459, 460, 461, 462 of 2015 with Misc. Application 87 of 2017; Order Reserved 02.08.2017, Decided 11.08.2017 by common decision
• Appellants as Satyam promoters/connected persons were insiders with access to UPSI that Satyam books were inflated and sold/pledged Satyam shares while in possession of UPSI for unlawful gains.
  WTM restrained appellants from securities market and dealing in securities for 7 years · WTM directed disgorgement of unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju
  Appeal: Appeal Nos. 463, 451, 452, 453, 458, 459, 460, 461, 462 of 2015 with Misc. Application 87/2017, reserved 02.08.2017 decided 11.08.2017; related Raju appeals vs order 15.07.2014 decided 12.05.2017 remanding disgorgement
• Appellants as promoters/connected persons allegedly sold/pledged Satyam shares while in possession of UPSI of inflated books, violating PIT Regulations.
  WTM restrained appellants from securities market for 7 years · Directed disgorgement of unlawful gains jointly and severally with B. Ramalinga Raju and B. Rama Raju with 12% interest
  Appeal: Appeal Nos. 451-453, 458-463 of 2015 against WTM order 10.09.2015, reserved 02.08.2017 decided 11.08.2017
• Appellants as promoters/connected/deemed connected persons were insiders with access to UPSI that Satyam books were inflated and sold/pledged Satyam shares while in possession of UPSI, making unlawful gains in violation of PIT Regulations and SEBI Act.
  WTM order dated 10.09.2015 restrained appellants from securities market for 7 years · Direct disgorgement of appellant-wise unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju with 12% interest
  Appeal: Appeal Nos. 463, 451, 452, 453, 458, 459, 460, 461, 462 of 2015 with Misc. Application 87/2017 against WTM order 10.09.2015, reserved 02.08.2017, decided 11.08.2017; prior Raju appeals against 15.07.2014 order decided 12.05.2017