Ganesh Prasad Gupta

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalties imposed under the SEBI Act/PFUTP provisions affirmed
Penalty of Rs. 5 lakhs under Section 23E of the SCRA against Quasar India Limited quashed

SAT-appeal

SAT matter SATV-0D07FC22D9E039D56A8447A9
Review Application No. 18 of 2023 dismissed · No order as to costs
Appeal: Review Application No. 18 of 2023 in Appeal No. 210 of 2023 dismissed on 28 April 2023; review of SAT order dated 28 February 2023
Diversion and misutilisation of preferential allotment proceeds by providing interest-free loans/advances for purposes inconsistent with the stated objects of the issue; alleged non-disclosure under Clause 43 of the Listing Agreement.
Violations under Section 12A of the SEBI Act read with Regulations 3 and 4 of the PFUTP Regulations affirmed · Penalties imposed under the SEBI Act/PFUTP provisions affirmed
Appeal: Appeal No. 210 of 2023 decided partly in favour of appellants on 28 February 2023

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Source: SecMarx — Ganesh Prasad Gupta. 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.