Dhaduvai Venkatram

SAT-appeal

• Concealment and submission of false information concerning GDR subscription and financing arrangements; fraudulent and unfair trade practices involving self-financing of GDR subscriptions and non-disclosure of pledge agreements.
  Appeal dismissed · Five-year prohibition on appellants accessing the capital market, directly or indirectly, upheld
  Appeal: Appeal No. 439 of 2021 decided and dismissed on 6 October 2021
• Company financed its own GDR issues via loan and pledge agreements, concealed pledge from Stock Exchange and gave false information to SEBI, in violation of PFUTP Regulations and Listing Agreement.
  Appeal No. 439 of 2021 dismissed with no order as to costs · WTM order dated 3 April 2019 confirmed - appellants prohibited from accessing capital market directly or indirectly for five years
  Appeal: Appeal No. 439 of 2021 filed against WTM order dated 3 April 2019 dismissed on 06.10.2021; no further appeal mentioned