Gautam Thapar
Penalties and directions recorded
- Arguments in rejoinder to continue and matters listed on 17 February 2021
- Parties to seek instructions from the Registrar 48 hours before the hearing on physical or video-conference mode
- Matters posted for rejoinder on February 16, 2021 after concluding arguments of Respondent No.2 counsel
- Parties to seek instructions from Registrar 48 hrs before fixed date on physical vs video conference hearing
- Confirmed restraint on noticees 2-5 from securities market and association with listed entity/intermediary till further orders
SAT-appeal
- SAT matter SATV-0E33942BC940B7D4F0FBBD00SEBI directed to issue show-cause notices on or before 25 May 2021 · SEBI proceedings to be decided within six months from filing of replies, as directed in the 6 April 2021 orderAppeal: Misc. Applications Nos. 590 and 591 of 2021 in Appeal Nos. 224 and 231 of 2020 allowed and disposed of on 10 May 2021
- SAT matter SATV-1ECF474013968953FD1FF977Arguments in rejoinder to continue and matters listed on 17 February 2021 · Parties may act on the digitally signed copy sent by fax or emailAppeal: Appeal Nos. 224 of 2020 and 231 of 2020 were pending; order dated 16 February 2021 adjourned the matters for conclusion of rejoinder arguments on 17 February 2021
- SAT matter SATV-265302E7770A30177BE2E27AAppeals adjourned for further hearing on 18 January 2021 · Parties to seek instructions from the Registrar 48 hours before the hearing on physical or video-conference modeAppeal: Appeal Nos. 224 of 2020 and 231 of 2020 were pending; further hearing listed for 18 January 2021
- Prima facie serious misstatement of accounts, understatement of liabilities and advances to related/unrelated parties, and diversion/siphoning of CG Power funds.SAT held Appeals No.224 of 2020 and 231 of 2020 liable to be dismissed · Confirmed WTM confirmatory order dated 11 March 2020 continuing interim restraints
- SAT matter SATV-5957F384256FC0CE68261D45Matters posted for rejoinder on February 16, 2021 after concluding arguments of Respondent No.2 counsel · Parties to seek instructions from Registrar 48 hrs before fixed date on physical vs video conference hearingAppeal: Appeal No. 224 of 2020 and Appeal No. 231 of 2020 pending before SAT with Misc. Application No. 222 of 2020; next listed 16 February 2021 for rejoinder
- Serious misstatement of accounts, understatement of liabilities and advances to related/unrelated parties, and wrongful diversion/siphoning of CG Power funds via nine specified transactions.SAT dismissed Appeal Nos.224 of 2020 and 231 of 2020, upholding WTM confirmatory order dated 11 March 2020 · Confirmed restraint on noticees 2-5 from securities market and association with listed entity/intermediary till further ordersAppeal: Appeal Nos.224 of 2020 and 231 of 2020 with Misc.Application 222 of 2020 decided 6.4.2021 - dismissed; prior Appeal No.413 of 2019 dismissed 1.10.2019
- SAT matter SATV-EF761D996FC7ECF8675FC8CAMisc. Application Nos. 1128 and 1130 of 2021 in Appeal No. 413 of 2019 dismissed as withdrawn with liberty to file appealAppeal: Misc. Applications No. 1128 and 1130 of 2021 in Appeal No. 413 of 2019 dismissed as withdrawn with liberty to file appeal on 27.09.2021
- SAT matter SATV-E952228299E951613AD7754AAllow SEBI's extension applications · SEBI to issue show cause notice on or before May 25, 2021Appeal: Misc. Application No.590 of 2021 in Appeal No.224 of 2020 and Misc. Application No.591 of 2021 in Appeal No.231 of 2020 disposed on 10.05.2021; underlying Appeals disposed on 06.04.2021
- SAT matter SATV-69AE3FDB94261CDBDCD12ED3CG Power impleaded as respondent No. 2 in both appeals. · No interim relief granted at this stage.Appeal: Appeal Lodging No. 220 of 2020 (Gautam Thapar & Ors. v. SEBI) connected with Appeal Lodging No. 227 of 2020 (B. Hariharan v. SEBI); order dated 14 August 2020; not finally disposed.
- Prima facie serious misstatement of accounts and diversion/siphoning of CG Power funds via unauthorized collateral, guarantees and related-party routing in violation of PFUTP and LODR.Noticees 2-5 restrained from accessing/dealing in securities market till further orders · Noticees 2-5 restrained from associating with SEBI intermediaries or listed entity till further ordersAppeal: Appeal No. 413 of 2019 against WTM ex-parte ad-interim order dated 17 September 2019; reserved on 27.09.2019, decided on 01.10.2019
- SAT matter SATV-D54D261E99E86EBE7EFB52BAMisc. Application No. 70 of 2020 allowed; SEBI directed to pass confirmatory order on or before March 10, 2020 · SEBI while passing confirmatory order can rely only on documents supplied by company or other sources which are also made available to appellantsAppeal: Appeal No. 413 of 2019 against SEBI ex-parte ad-interim order dated September 17, 2019 dismissed on October 01, 2019; Misc. Application No. 70 of 2020 allowed on 18.02.2020
Other
- SAT matter SATV-B9ECB9662F1CA56B6AA83935Put up for further hearing on next day (tomorrow from 1.2.2021)Appeal: Appeal No.224 of 2020 with Misc. Application No.222 of 2020 and Appeal No.231 of 2020 pending; part-heard, posted for further hearing next day; no disposal on 1.2.2021
Source: SecMarx — Gautam Thapar. 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.