Dalmia Cement (Bharat) Group

SAT-appeal

• Allied's 26-27 Dec 2018 NIFTY options sales allegedly backed by fraudulently transferred mutual fund collateral; ISSL claimed victim of fraud and sought annulment.
• Dispute concerning alleged fraudulently transferred collateral used by Allied to sell NIFTY options, and the requested annulment of those trades.
  Group of connected appeals concerning annulment of trades was heard together; operative final disposition is not included in the supplied extract.
  Appeal: Appeal Nos. 262, 257, 260 and 261 of 2019 were heard together; order reserved on 1 July 2019 and decision dated 3 July 2019.
• Dispute concerning annulment of NIFTY options trades allegedly entered into using fraudulently transferred collateral; no UPSI charge stated.
  Appeal: Connected SAT Appeals Nos. 262, 257, 260 and 261 of 2019; order reserved 1 July 2019 and decision dated 3 July 2019. Disposition is not included in the supplied text.
• Allied's 26-27 Dec 2018 NIFTY options sale allegedly based on fraudulently transferred mutual fund collateral; ISSL claimed victim of fraud and sought annulment.
  Appeal: Appeal Nos.262, 257, 260, 261 of 2019; Order reserved 1.7.2019, Date of Decision 3.7.2019