Govind Das Pasari
Penalties and directions recorded
- Matters listed for hearing and disposal on 10 March 2021
- Matters listed for hearing and disposal on 10 March 2021
- Appeals allowed in relation to Govind Das Pasari, Bharat Kumar Doshi, Avichal Kasliwal and Jyoti Bankda; their restraints and penalties were set aside.
- Restrictions and penalties against the independent non-executive directors and Jyoti Bankda were set aside.
- Matters listed for hearing and disposal on 10 March 2021
SAT-appeal
- SAT matter SATV-00D131F031E4E4E14E4E0F10Parties to complete pleadings within two weeks from 16 February 2021 · Counsel to obtain necessary authorisation from the IRP and file vakalatnama within two weeksAppeal: Multiple connected appeals were pending; hearing was adjourned for completion of pleadings and listed on 10 March 2021. Appeals included Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020.
- SAT matter SATV-0403996EC28A1A8CB2660C69Order reserved; no merits decision or operative relief recorded in the text. · Parties directed to act on the digitally signed copy sent by fax and/or email.Appeal: Multiple appeals heard together on 23 April 2021; order reserved. Appeals 201/2019, 445/2019, 101/2019, 306/2019, 533/2019, 602/2019, 603/2019, 32/2020, 97/2020, 98/2020 and 615/2019; no disposal on merits stated.
- SAT matter SATV-088C20BAC6A11B401CE3EF85Parties to complete pleadings within two weeks from 16 February 2021 · Counsel to obtain necessary authorisation from the IRP and file vakalatnama within two weeksAppeal: Multiple connected appeals and miscellaneous applications were listed; matters adjourned for completion of pleadings and hearing on 10 March 2021.
- Alleged fraudulent and unfair trade practices involving a sham GDR issue, circular financing and subsequent conversion and sale of GDRs into equity shares in the Indian securities market.Appeals allowed in relation to Govind Das Pasari, Bharat Kumar Doshi, Avichal Kasliwal and Jyoti Bankda; their restraints and penalties were set aside. · The extract ends while discussing the appeals of Ajay Bankda and Syncom Healthcare Ltd.; their final disposition is not provided.Appeal: Common SAT order dated 30 April 2021 deciding Appeal Nos. 201, 445, 101, 306, 533, 602, 603 of 2019, 32, 97 and 98 of 2020, and Appeal No.615 of 2019; extract incomplete as to final disposition of all appeals.
- Alleged fraudulent and unfair trade practices relating to a GDR issue, including arranging subscription through a bank-financed subscriber secured by the company’s pledged GDR proceeds, followed by conversion and sale of shares in India.Appeals were heard and decided by common order. · Delay in filing the appeals was condoned; Misc. Applications Nos. 586, 662 and 663 of 2019 were allowed.Appeal: Appeal Nos. 201, 445, 101, 306, 533, 602, 603 of 2019, 32, 97 and 98 of 2020, and Appeal No.615 of 2019 were decided by common SAT order dated 30 April 2021; operative disposition for Ajay Bankda, the company and Jagdish Prakash Bagaria is not included in the supplied text.
- SAT matter SATV-136D40BD53512673EFB937F4Parties to complete pleadings within two weeks from 16 February 2021 · Counsel to obtain necessary authorisation from the IRP and file vakalatnama within two weeksAppeal: Multiple connected appeals and miscellaneous applications were pending; listed for hearing and disposal on 10 March 2021
- Fraudulent and unfair trade practices involving a GDR issue whose proceeds were secured against a loan to the sole subscriber, followed by conversion of GDRs into shares and sale in the Indian securities market.Appeals were heard and decided by a common order. · Delay in filing the appeals was condoned; Miscellaneous Applications Nos. 586, 662 and 663 of 2019 were allowed.Appeal: Appeal Nos. 201, 445, 101, 306, 533, 602, 603 of 2019, 32, 97 and 98 of 2020, and 615 of 2019 were decided by common SAT order dated 30 April 2021; connected delay applications were allowed.
- SAT matter SATV-180A57690F4456E301E270A3Appeals adjourned on the appellants' request · Matters listed for 14 April 2021Appeal: Multiple appeals were adjourned on 10 March 2021 and listed for 14 April 2021; no disposal on merits.
- SAT matter SATV-2D6616CCDCAF2C1C09F83629Order reserved after hearing the parties at length. · Parties directed to act on the digitally signed order copy sent by fax or email.Appeal: Appeal Nos. 201, 445, 101, 306, 533, 602, 603, 32, 97, 98 and 615 of 2019-2020 were heard; order reserved on 23 April 2021.
- SAT matter SATV-2D6006B827D0053ABBCE9E43Appeals adjourned on the appellants’ request. · Matters listed on 14 April 2021.Appeal: Multiple appeals were adjourned on 10 March 2021 and listed for 14 April 2021; no disposal on merits.
- SAT matter SATV-2C3ADE03F91EC48B8FE504DFComplete pleadings in some appeals within two weeks · Counsel to take authorisation from IRP and file vakalatnamaAppeal: Appeal Nos.101,201,306,445,533,602,603,615 of 2019 and 32,97,98 of 2020 pending; adjourned to 10 March 2021 for hearing and disposal
- SAT matter SATV-2EBBF886CDD0C2EF05366795Complete pleadings in all appeals within two weeks from 16 February 2021 · Take necessary authorisation from IRP and file vakalatnama within same periodAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 pending before SAT; adjourned to 10 March 2021 for hearing and disposal
- SAT matter SATV-4E7B9F325C1A4184DE7C31BAComplete pleadings in all appeals within two weeks · Obtain authorisation from IRP and file vakalatnama within same periodAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 pending; pleadings incomplete, adjourned to 10 March 2021 for hearing and disposal
- SAT matter SATV-4FCABFD43DC666D0035531AAAdjourned on request of the appellant · List on 14th April, 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned, listed on 14 April 2021
- SAT matter SATV-68BDAAE55E57EE19B2119459Complete pleadings in all appeals within two weeks · Obtain authorisation from IRP and file vakalatnama within same periodAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 pending; pleadings incomplete; adjourned to 10 March 2021 for hearing and disposal
- SAT matter SATV-3EC1481EBE40D81B751D8198Order reserved in the connected appeals and miscellaneous applications · Parties directed to act on the digitally signed copy of the order sent by fax or emailAppeal: Connected Appeals Nos. 201, 445, 101, 306, 533, 602, 603, 32, 97, 98 and 615 of 2019-2020 heard; order reserved on 23 April 2021
- SAT matter SATV-9385053648D3E5F9B291A064Order reserved after hearing counsel for parties at length · Parties directed to act on digitally signed copy sent by fax and/or email
- SAT matter SATV-9B05D3443660FE2AA0F9CB32Complete pleadings in all appeals within two weeks from 16.02.2021 · Obtain authorisation from IRP and file vakalatnama within two weeksAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 with Misc. Appl. Nos. 586, 662, 663 of 2019 pending; pleadings incomplete, adjourned to 10 March 2021 for hearing and disposal
- SAT matter SATV-A3561AF3CC02E9A834A04107Adjourned on request of appellant, list on 14 April 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearingAppeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned on 10.3.2021, next listed 14 April 2021
- SAT matter SATV-9F1B08C9A1111430DD526F25Heard learned counsel for parties at length - order reserved · Parties directed to act on digitally signed copy sent by fax and/or email due to Covid-19Appeal: Appeal Nos. 201/2019, 445/2019, 101/2019, 306/2019, 533/2019, 602/2019, 603/2019, 32/2020, 97/2020, 98/2020, 615/2019 heard on 23.4.2021 - order reserved
- SAT matter SATV-B90EBC41E387C5A2B02C1759Order reserved after hearing learned counsel for parties at length · Parties directed to act on digitally signed copy sent by fax and/or emailAppeal: Appeal Nos. 201, 445, 101, 306, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 heard on 23.4.2021; order reserved, disposal pending
- Fraudulent GDR issue where proceeds pledged to fund its own subscription by single subscriber, creating false impression of subscription, later conversion and sale in India.Delay in filing appeals condoned vide Misc. Appl. 586,662,663 of 2019 · WTM 5-year market access restraint and AO penalty cannot be sustained against independent directorsAppeal: Appeal Nos. 201,445,101,306,533,602,603,615 of 2019 and 32,97,98 of 2020 decided by common order dated 30.4.2021 (reserved 23.4.2021)
- SAT matter SATV-BFBFB1451E22E70F889E1F16Complete pleadings in all appeals within two weeks · Take necessary authorisation from IRP and file vakalatnama within same periodAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 with Misc. Applications 586, 662, 663 of 2019 pending; pleadings incomplete; next listing 10 March 2021
- SAT matter SATV-BEF0BFCA0A95F41E52E2F6B3Adjourned on request of the appellant · List on 14 April 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned on 10.03.2021, next date 14.04.2021 - pending, not disposed
- SAT matter SATV-C9F3FE9A50E9BB3BD33217AFAdjourned on request of the appellant · List on 14th April, 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned on 10.3.2021; next listing 14 April 2021
- SAT matter SATV-4D531E86FF8243655C981CB0Order reserved; no substantive merits directions or disposal outcome stated in the extracted text · Parties directed to act on the digitally signed copy sent by fax and/or emailAppeal: Multiple connected appeals were heard and order reserved on 23 April 2021; disposal on merits is not stated in the extracted text.
- SAT matter SATV-EC465930677B2E2A2DF8445BHeard counsel for parties at length; order reserved on 23.4.2021 · Parties to act on digitally signed copy sent by fax/email due to Covid-19Appeal: Appeal Nos. 201, 445, 101, 306, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 heard on 23.4.2021; order reserved, no disposal on merits yet
- SAT matter SATV-5112903F0212D89DB0277A4DMatters adjourned on the appellants' request · List all matters on 14 April 2021Appeal: Appeal Nos. 32 of 2020, 97 of 2020, 98 of 2020, 101 of 2019, 201 of 2019, 306 of 2019, 445 of 2019, 533 of 2019, 602 of 2019, 603 of 2019 and 615 of 2019 were adjourned and listed for 14 April 2021.
- SAT matter SATV-5B8FB06E0DD0E853BB08DB52Appeals adjourned on the appellants' request · Matters listed for 14 April 2021Appeal: Multiple appeals adjourned on 10 March 2021 and listed for 14 April 2021; no final disposal stated
- SAT matter SATV-68731C4792421614D5C02545Order reserved; no merits determination or operative substantive directions recorded in the extracted text. · Parties directed to act on the digitally signed copy sent by fax and/or email.Appeal: Multiple connected appeals were heard together and order reserved on 23 April 2021; disposal or merits outcome is not stated in the extracted text.
- SAT matter SATV-533EE431487C11FBDE1A5A23Adjourned on request of the appellant · List on 14th April, 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned, next listing 14 April 2021
- SAT matter SATV-62B557223BD9CC8A7F2FAC9FAdjourned on request of the appellant · List on 14th April, 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019, 445/2019, 533/2019, 602/2019, 603/2019, 615/2019 adjourned; listed on 14 April 2021
- SAT matter SATV-99C2261BD13B14EE0C0B8E68Adjourned on request of the appellant · List on 14th April 2021Appeal: Appeal Nos. 32/2020, 97/2020, 98/2020, 101/2019, 201/2019, 306/2019 and others adjourned vide order dated 10.03.2021 to 14.04.2021
- SAT matter SATV-D1C84840051FC5C9BF6A5B77Order reserved after hearing learned counsel for parties at length · Parties to act on digitally signed copy sent by fax and/or emailAppeal: Appeal Nos. 201/2019, 445/2019, 101/2019, 306/2019, 533/2019, 602/2019, 603/2019, 32/2020, 97/2020, 98/2020, 615/2019 heard on 23.4.2021; order reserved, no disposal yet
- SAT matter SATV-FE7BDB5CF92757B8ECE18AF6Complete pleadings in all appeals within two weeks from 16 February 2021 · Take necessary authorisation from IRP and file vakalatnama within same periodAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 pending before SAT; pleadings incomplete; adjourned to 10 March 2021 for hearing and disposal
- Fraudulent GDR issue where proceeds were pledged to fund the sole subscriber, falsely showing full subscription, later converted and sold in India.WTM order: restrained all appellants from accessing securities market for 5 years · AO order: Rs.25 lakhs penalty on Company, Rs.15 lakhs each on othersAppeal: Appeal Nos.201,445,101,306,533,602,603 of 2019, 32,97,98,615 of 2019/2020 decided by common SAT order reserved 23.4.2021, decided 30.4.2021
Other
- SAT matter SATV-9BD3D4B8D8B77E4EE293EA6DOrder reserved after hearing learned counsel for parties at length · Parties directed to act on digitally signed copy sent by fax and/or emailAppeal: Connected Appeals Nos. 201/2019, 445/2019, 101/2019, 306/2019, 533/2019, 602/2019, 603/2019, 32/2020, 97/2020, 98/2020, 615/2019 heard on 23.4.2021; order reserved, no disposal on merits
- SAT matter SATV-9B0F390D2FC54EB62E092D51Complete incomplete pleadings in appeals · Take authorisation from IRP and file vakalatnamaAppeal: Appeal Nos. 101, 201, 306, 445, 533, 602, 603, 615 of 2019 and 32, 97, 98 of 2020 pending before SAT; adjourned to 10 March 2021 for hearing and disposal
Source: SecMarx — Govind Das Pasari. 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.