Davos International Fund

42 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM restrained Winsome from accessing the securities market for three years
Winsome penalized Rs. 4.40 crore
Noticee no. 4 directed to disgorge Rs. 1,11,52,500 jointly and severally with noticees 2 and 3
Noticee no. 2 debarred for two years and penalized Rs. 44 lakh
WTM order dated 15 December 2021 was under appeal; the excerpt records restraints, disgorgement and penalties imposed by SEBI.

SAT-appeal

Alleged fraudulent GDR scheme involving undisclosed pledge and loan agreements, misleading disclosure of subscription, and use of GDR proceeds to finance the sole subscriber, violating Section 12A and PFUTP Regulations.
WTM restrained Winsome from accessing the securities market for three years · Winsome directed to bring back outstanding GDR proceeds of USD 9.018 million
Appeal: Appeal Nos. 348, 251, 342, 343 and 345 of 2022 heard together; decision dated 13 September 2023; merits outcome not included in the provided text
Alleged fraudulent GDR scheme involving undisclosed loan and pledge agreements, misleading disclosure that the issue was fully subscribed by foreign investors, and diversion/adjustment of GDR proceeds.
WTM order dated 15 December 2021 was under appeal; the excerpt records restraints, disgorgement and penalties imposed by SEBI. · Winsome was restrained from accessing the securities market for three years and directed to bring back USD 9.018 million.
Appeal: Appeal Nos. 348 of 2022, 251 of 2022, 342 of 2022, 343 of 2022 and 345 of 2022 were filed before SAT; decision dated 13 September 2023; disposal outcome is not included in the supplied excerpt.
SAT matter SATV-049C716D70A6EACFF6775DA6
List Appeal Nos. 251, 342, 343, 344 and 345 of 2022 on 22 March 2023
Appeal: Appeal Nos. 251, 342, 343, 344 and 345 of 2022; order dated 15 February 2023; listed for further hearing on 22 March 2023
SAT matter SATV-082E1E509ECEDF6FC8D1EBFF
All listed appeals were directed to be listed on 17 May 2023. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 were pending and listed for 17 May 2023; no disposal on merits stated.
SAT matter SATV-18D4A16CB76ABBD07D3371BC
Rejoinder to be filed in Appeal No. 348 of 2022
Appeal: Misc. Application Nos. 910, 900, 911, 912 and 625 of 2022 in Appeal Nos. 342, 343, 344, 345 and 348 of 2022; procedural order dated 4 November 2022; Appeal No. 348 directed to file rejoinder
SAT matter SATV-2858A9A974D0B49E47D6068A
Rejoinder to be filed in Appeal No. 348 of 2022
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 were pending; Appeal No. 348 of 2022 was listed for 28 November 2022 after filing of rejoinder.
SAT matter SATV-31E67AA98882FA62C011BC8B
List all connected appeals on 17 May 2023 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 were listed together; no disposal on merits stated.
SAT matter SATV-4FD5A768233DDAB57D265966
Arguments continuing; matter put up on May 18, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 pending; arguments continuing on 17.05.2023, next hearing 18.05.2023
SAT matter SATV-5D90744D5366CA06CCC072AD
List these appeals on March 22, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 344, 345, 348 of 2022 heard on 15.02.2023 and adjourned to 22.03.2023
SAT matter SATV-610154DB8297BB87761F6330
List matters on February 15, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 with Misc. Applications Nos. 910, 900, 911, 912 and 625 of 2022 pending; adjourned to 15.02.2023 vide order dated 04.01.2023
SAT matter SATV-41220970007D8DDA0D8731D5
All matters listed on 25 April 2023 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 were before SAT; order dated 12 April 2023 adjourned them to 25 April 2023
SAT matter SATV-72FFD3EB8D4E27429F85C6F6
Matters adjourned as prayed by appellants' counsel · List on April 11, 2023
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 adjourned to April 11, 2023 with Misc. Applications Nos. 910, 900, 912, 625 of 2022 pending
SAT matter SATV-6F500CDEA4874D8529822E6C
List all appeals for admission and for final disposal on 4th January, 2023
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 with Misc. Applications No. 910, 900, 911, 912, 625 of 2022 listed for admission and final disposal on 4th January, 2023; not yet disposed
SAT matter SATV-7E2766A2F1F20D1E47580E58
List on May 17, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 pending; listed on May 17, 2023 vide order dated 11.05.2023
SAT matter SATV-790F0304476EFADA22663E82
List on February 15, 2023 · Parties to act on digitally signed copy of order; certified copy available from Registry
Appeal: Appeal Nos. 342, 343, 344, 345, 348 of 2022 with Misc. Applications Nos. 910, 900, 911, 912, 625 of 2022 pending; adjourned to February 15, 2023
SAT matter SATV-44C6FA4B643224F6A93A930D
List the appeals for further hearing on 3 May 2023 · Condone delay in filing the reply and take the reply on record
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 were listed for further hearing on 3 May 2023; no final disposal recorded in this order.
SAT matter SATV-91A234300D03A2FB6A4CC63B
List appeals on May 17, 2023 · Parties to act on digitally signed copy of order
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 pending; listed on May 17, 2023
SAT matter SATV-B3C4B52892F754F7921039E3
List on April 25, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 pending before SAT; adjourned vide order dated 12.04.2023, next listed on 25 April 2023
SAT matter SATV-C05621BA4A7AB9CB9780678C
Heard senior counsel in Appeal No. 348 of 2022 · Put up on April 12, 2023 for arguments of other appeals
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 pending; adjourned to 12.04.2023 for further arguments
SAT matter SATV-C11C991A8214A036A050865B
List Appeal Nos. 251, 342, 343, 344, 345, 348 of 2022 on March 22, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 344, 345, 348 of 2022 pending before SAT Mumbai; adjourned to March 22, 2023 vide order dated 15.02.2023
SAT matter SATV-5710FB557BC41B6319D92D09
Three weeks' time granted to the appellants to file rejoinder · Matters listed for 23 September 2022
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 were pending; rejoinder time granted and matters adjourned to 23 September 2022
SAT matter SATV-EA696C09D4B00BA15AD71422
List all six appeals on March 22, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 251, 342, 343, 344, 345 and 348 of 2022 pending; listed for hearing on March 22, 2023
SAT matter SATV-E564FE6748873EF8C2E12CA0
List on February 15, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 with Misc. Applications 910, 900, 911, 912 and 625 of 2022 heard on 04.01.2023 and adjourned to 15.02.2023
SAT matter SATV-DCF1F9DA8D62A2456DD341BB
Rejoinder to be filed in Appeal No. 348 of 2022 · Matter listed on November 28, 2022
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 pending before SAT; adjourned to November 28, 2022
SAT matter SATV-DE79FFA84FFF801B29802AFE
Heard counsel for parties, order reserved · Written submissions, if any, may be filed within two weeks
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 heard on 18.05.2023; order reserved
SAT matter SATV-DBBD86203FBCD210DCAE096A
Two weeks' further time allowed to appellants to file rejoinder · Matter listed on 4 November 2022
Appeal: Misc. Application Nos. 910, 900, 911, 912, 625 of 2022 and Appeal Nos. 342, 343, 344, 345, 348 of 2022 pending; adjourned to 4 November 2022 for rejoinder
SAT matter SATV-EC2F70A1157D63CD8BC521DC
List these appeals on March 22, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 251, 342, 343, 344, 345 and 348 of 2022 pending before SAT; adjourned to March 22, 2023 vide order dated 15.02.2023
SAT matter SATV-EFCAE9C64198DB3949F28AA9
List these appeals on March 22, 2023
Appeal: Appeal Nos. 251, 342, 343, 344, 345, 348 of 2022 with Misc. Applications pending; adjourned to March 22, 2023 vide SAT order dated 15.02.2023
SAT matter SATV-EB43024A9C520058EF9AC7B6
List on April 25, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 with Misc. Applications 910, 900, 912, 625 of 2022 pending; listed next on 25 April 2023 vide order dated 12.04.2023
Fraudulent GDR scheme where GDR proceeds were pledged with EURAM Bank to fund sole subscriber Vintage FZE, with non-disclosure of loan/pledge agreements and misleading fully-subscribed announcement.
Winsome restrained from securities market for 3 years and directed to bring back USD 9.018 million GDR proceeds · Penalty of Rs. 4.40 crore on Winsome for PFUTP violation
Appeal: Appeal Nos. 348, 251, 342, 343 and 345 of 2022 against WTM order dated December 15, 2021; Order Reserved on 18.05.2023, Date of Decision 13.09.2023
SAT matter SATV-730932FE7BDA26A7A4A52808
Winsome Textile Industries Ltd. & Anr. to file affidavit bringing audit committee report prepared pursuant to impugned order on record · List appeals for further hearing on May 11, 2023
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 with Misc. Application No. 910 of 2022 pending; listed for further hearing on May 11, 2023
SAT matter SATV-8A232F07BB73D6844D4A6444
Rejoinder to be filed in Appeal No. 348 of 2022 · List appeals on November 28, 2022
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 pending; next listing November 28, 2022
SAT matter SATV-AF92448B6FCF1E773C646ED1
List on April 25, 2023 · Parties to act on digitally signed copy of order; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 pending; adjourned to April 25, 2023 vide order dated 12.04.2023 with no disposal on merits
Fraudulent GDR issue where proceeds were pledged to fund sole subscriber Vintage FZE, with non-disclosure of loan/pledge agreements and misleading fully-subscribed announcement.
Winsome restrained from accessing securities market for 3 years · Winsome directed to bring back outstanding GDR proceeds USD 9.018 million
Appeal: Appeal Nos.348,251,342,343,345 of 2022, Order Reserved 18.05.2023, Date of Decision 13.09.2023
SAT matter SATV-C2E3FE511405BA0245C0BEB9
List all connected appeals on May 17, 2023 · Parties to act on digitally signed copy of order
Appeal: Appeal Nos. 251, 342, 343, 345 and 348 of 2022 pending before SAT; adjourned to May 17, 2023 with no disposal
SAT matter SATV-DACB138D54B244EAA442790C
Rejoinder to be filed in Appeal No. 348 of 2022 within two weeks from 04.11.2022 · Matter to be listed on November 28, 2022
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 with Misc. Appl. Nos. 910, 900, 911, 912, 625 of 2022 pending; no disposal, listed on 28.11.2022
SAT matter SATV-D7BDC5372BBD634BC95A1169
List on February 15, 2023
Appeal: Appeal Nos. 342, 343, 344, 345 and 348 of 2022 pending; listed on February 15, 2023
Fraudulent GDR scheme where Winsome pledged GDR proceeds with EURAM Bank to fund sole subscriber Vintage FZE and misled market that issue was fully subscribed by foreign investors.
Winsome restrained from accessing securities market for 3 years · Winsome directed to bring back outstanding GDR proceeds USD 9.018 million
Appeal: Appeal Nos. 348, 251, 342, 343, 345 of 2022 against WTM order dated 15.12.2021; SAT reserved 18.05.2023, decided 13.09.2023
SAT matter SATV-E19EB05D2893AFC751194EB0
List these appeals on March 22, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 251, 342, 343, 344, 345 and 348 of 2022 pending; vide order dated 15.02.2023 listed on March 22, 2023, not disposed
SAT matter SATV-E4D95A97AA39A4E48BD9636F
Delay in filing Appeal No.342 of 2022 condoned; Misc. Application No.479 of 2022 allowed · Connected with Appeal No.343 of 2022; reply and rejoinder timelines granted
Appeal: Appeal No.342 of 2022 with Misc. Application No.479 of 2022 by Davos International Fund; delay condoned; impugned order stayed till further orders; next date 24 August 2022

Other

SAT matter SATV-80737141A1E57E0F75DCCB34
Heard in part · List on 26 April 2023
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 with Misc. Applications 910, 900, 912, 625 of 2022 heard in part on 25.4.2023, listed on 26 April 2023; no disposal
SAT matter SATV-5BBF97E28B4EC1C85845F374
List on April 25, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 251, 342, 343, 345, 348 of 2022 pending; adjourned to April 25, 2023 vide order dated 12.04.2023

Analyse these matters in Ontology · Plans

Source: SecMarx — Davos International Fund. 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.