Dhiren Dharamdas Agarwal

SAT-appeal

• The appellants, acting in concert, allegedly acquired 11.36% of the paid-up equity capital of Parichay Investments Limited, triggering disclosure obligations under Regulation 7 of the SAST Regulations, 1997 and Regulation 13 of the PIT Regulations, 1992.
  Appeal No. 92 of 2019 was dismissed. · Appeal Nos. 119, 120 and 121 of 2019 were partly allowed.
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 3 May 2019; Appeal No. 92 dismissed and Appeals Nos. 119, 120 and 121 partly allowed. Delay of 92 days condoned.
• The appellants, allegedly acting in concert, cumulatively acquired 11.36% of Parichay Investments Limited and failed to comply with disclosure obligations under Regulation 7 of the SAST Regulations, 1997 and Regulation 13 of the PIT Regulations, 1992.
  Appeal No. 92 of 2019 was dismissed and the Rs. 3 lakh penalty on Shweta Dhiren Agrawal was upheld. · Appeal Nos. 119, 120 and 121 of 2019 were partly allowed.
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided by SAT on 3 May 2019; Appeal 92 dismissed and Appeals 119, 120 and 121 partly allowed.
• PACs cumulatively acquired 11.36% of Parichay Investments Ltd without disclosures triggering SAST Reg 7 and PIT Reg 13
  Appeal No. 92 of 2019 dismissed - Rs 3 lakh penalty upheld · Appeal Nos. 119, 120 and 121 of 2019 partly allowed - Rs 6 lakh reduced to Rs 3 lakh each
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 03.05.2019 - No.92 dismissed, Nos.119,120,121 partly allowed
• PACs together acquired 11.36% of Parichay Investments Ltd triggering Reg 7 SAST 1997 and Reg 13 PIT 1992 disclosures, which were not made.
  Misc Applications 175-177/2019 allowed; 92 days delay in filing appeals condoned · Appeal No. 92/2019 (Shweta Dhiren Agrawal) dismissed; Rs 3 lakh penalty upheld
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 03.05.2019: Appeal 92 dismissed; others partly allowed with penalty reduced