Gaekwad Plantations Ltd. & Ors.
Penalties and directions recorded
- Matters listed for 2 July 2024
- SEBI was granted time to examine the compliance affidavit filed pursuant to the order dated 3 September 2024.
- Appellants to report further compliance regarding notices sent to 7,000 investors
- Matters to be called on 06.03.2025 by consent
- Applicants permitted time to file an affidavit stating the number of persons refunded as on date and the total quantum still liable to be refunded.
SAT-appeal
- SAT matter SATV-026428E30DC0CA6CD8AC70E7Both appeals adjourned due to non-availability of the bench · List on 2 July 2024Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were adjourned on 19 April 2024 and listed for 2 July 2024
- SAT matter SATV-059CC1BB64B3979F56A7EB65Matter adjourned by consent to 29 January 2025Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were pending before SAT; on 5 December 2024, time was sought and the matters were adjourned by consent to 29 January 2025.
- SAT matter SATV-066C4DFB0D6210064DF6FF99Appeal No. 235 of 2022 adjourned on the appellant's request. · Appeal listed for 21 July 2023.Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were pending before SAT; adjourned on 26 June 2023 and listed for 21 July 2023.
- SAT matter SATV-0F4320CEE3BB668F7EE8F5B4Appeal Nos. 235 of 2022 and 498 of 2023 adjourned due to non-availability of the bench · Matters listed for 2 July 2024Appeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 were pending before SAT and were adjourned on 19 April 2024; next listed on 2 July 2024
- SAT matter SATV-10D2F2A42FD0A68491AD9AF7SEBI was granted time to examine the compliance affidavit filed pursuant to the order dated 3 September 2024. · Appeals were listed for final hearing on 1 September 2025 by consent.Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were pending; by order dated 23 June 2025, they were listed for final hearing on 1 September 2025.
- SAT matter SATV-11FC92D6629AE56F3021E8B4Appellants to report further compliance regarding notices sent to 7,000 investorsAppeal: Appeal Nos. 235 of 2022 and 498 of 2023 were listed for further compliance; next date fixed as 5 December 2024
- SAT matter SATV-2024FD08483E6BC1C901D4EBBoth appeals listed for 9 January 2024Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were listed for 9 January 2024; no disposal on merits stated
- SAT matter SATV-3A3767D6AAE12578D480406FMatter adjourned at the appellants' request; call on 21 March 2025.Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 were pending before SAT; on 6 March 2025, the matter was adjourned to 21 March 2025.
- SAT matter SATV-67E4D0C3D5A8249002EDEB0DCall / listed on April 06, 2026Appeal: Misc. Application Nos. 339, 340, 341 of 2026 in Appeal No. 235 of 2022 and Misc. Application Nos. 342, 343, 344 of 2026 in Appeal No. 498 of 2023 pending; next listing April 06, 2026
- SAT matter SATV-73BDA8FA029059438C28062ACall on September 03, 2024Appeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 heard on 02.09.2024, adjourned to 03.09.2024 with no disposal on merits
- SAT matter SATV-C282A9BEAE86867839E54107Three weeks time granted to file valuation report · Matters to be called on 06.03.2025 by consentAppeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 pending; adjourned to 06.03.2025 vide SAT order dated 29.01.2025
- SAT matter SATV-D5F50EC693CCF28780B7F4E7Matter to be called on April 06, 2026Appeal: Misc. Application Nos. 339, 340, 341 of 2026 in Appeal No. 235 of 2022 and Misc. Application Nos. 342, 343, 344 of 2026 in Appeal No. 498 of 2023 pending; next date April 06, 2026
- Applicants were alleged to have collected money under a collective investment scheme (CIS). SEBI directed refund with 12% interest.Applicants permitted time to file an affidavit stating the number of persons refunded as on date and the total quantum still liable to be refunded. · Applications listed for hearing on 4 May 2026.Appeal: Appeal Nos. 235 of 2022 and 498 of 2023; Tribunal confirmed the findings while reducing interest from 12% to 9%; the Supreme Court confirmed the findings and granted liberty to seek review of the interest rate.
- SAT matter SATV-FEEE39D4ED84563FBC2E74A1Adjourned at request of learned counsel for the appellants · Matter listed on February 15, 2024Appeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 pending; adjourned to February 15, 2024 per order dated 09.01.2024
- SAT matter SATV-57F69DC24E60E8E36872BED7Respondent's request for time granted · Both appeals listed for hearing on 04 June 2025Appeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 were pending; on 21 March 2025, time was granted to SEBI and the matters were listed on 04 June 2025.
- SAT matter SATV-719D312798EDEE2F1991AEA8Adjourned as last chance; matter to be called on June 08, 2026Appeal: Misc. Application Nos. 339, 340, 341 of 2026 in Appeal No. 235 of 2022 and Misc. Application Nos. 342, 343, 344 of 2026 in Appeal No. 498 of 2023 pending; adjourned to 08.06.2026 with no disposal on merits
- SAT matter SATV-7699A1451C6B20C231FC5835List Appeal No. 498 of 2023 for admission along with Appeal No. 235 of 2022 on June 26, 2023Appeal: Appeal No. 498 of 2023 dated 19.06.2023 pending admission, listed for admission on June 26, 2023
- Alleged operation of unregistered Collective Investment Scheme (CIS) without SEBI registration.Respondent to file reply within three weeks from 21 July 2023 · Rejoinder may be filed within three weeks thereafterAppeal: Appeal No. 498 of 2023 pending before SAT; impugned order stayed till listing on September 28, 2023
- SAT matter SATV-CFFCD493307C27E116594207Call on September 03, 2024 - matter adjournedAppeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 pending before SAT; heard on 02.09.2024 and adjourned to 03.09.2024, not disposed
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