Corporate Strategic Allianz Limited
Penalties and directions recorded
- Impugned: disgorge Rs.20,64,745 with interest from February 2007 till payment
- WTM Aug 12, 2016: disgorge Rs 20,64,745 with interest from Feb 2007 till payment
SAT-appeal
- Appellant aided and abetted Platinum and promoters by receiving 10 lakh shares off-market from promoter Tushar Shah on Aug 4, 2006 and selling in market for unlawful gain.Impugned WTM order Aug 12, 2016: 3-year restraint from accessing/dealing in securities directly or indirectly · Impugned: disgorge Rs.20,64,745 with interest from February 2007 till payment
- Appellant allegedly received 10 lakh Platinum shares off-market from promoter Tushar Shah on Aug 4, 2006, sold in market for Rs 20,64,745 profit, aiding promoters fraud.WTM Aug 12, 2016: 3-year prohibition from accessing/dealing in securities directly/indirectly · WTM Aug 12, 2016: disgorge Rs 20,64,745 with interest from Feb 2007 till payment
Source: SecMarx — Corporate Strategic Allianz Limited. 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.