Harish Chandra Gupta

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI to compensate appellants Rs. 18,25,041 from disgorged amount or Investor Protection and Education Fund
SEBI to complete proceedings pursuant to the show-cause notice dated 17 January 2018 as early as possible, preferably within six months from 6 February 2018
Order dated August 2, 2019 granting Rs 18,25,041 compensation without interest upheld

SAT-appeal

Misleading and fraudulent advertisements/announcements by Vital Communications Ltd inducing investment, violating PFUTP Regulations 1995 and 2003
Appeal partly allowed without any order on costs · SEBI to compensate appellants Rs. 18,25,041 from disgorged amount or Investor Protection and Education Fund
Appeal: Appeal No. 44 of 2019 partly allowed on 02.08.2019 without costs
SAT matter SATV-5D1BF846D3B8D0C510BE7B43
SEBI to complete proceedings pursuant to the show-cause notice dated 17 January 2018 as early as possible, preferably within six months from 6 February 2018 · SEBI to inform the appellant about the outcome of the show-cause proceedings
Appeal: Appeal No. 332 of 2017 disposed of on 6 February 2018 after the appellant did not press the appeal; delay of 560 days condoned in Misc. Application No. 304 of 2017
SAT matter SATV-86FCC1C9D94705DA0F3D1A3C
Review Application No. 15 of 2019 dismissed · Order dated August 2, 2019 granting Rs 18,25,041 compensation without interest upheld
Appeal: Review Application No. 15 of 2019 in Appeal No. 44 of 2019 dismissed on 11.10.2019; prior appeal allowed in part on 02.08.2019
Proceedings in matter of Vital Communications Limited pursuant to SCN dated 19.01.2018 to 24 noticees/connected entities; specific violation not detailed in this extension order
SEBI directed to pass order and communicate same to applicant within 8 weeks from 06.08.2018 · Misc. Application No. 226 of 2018 disposed of with no order as to costs
Appeal: Misc. Application No. 226 of 2018 in Appeal No. 332 of 2017; prior SAT order dated 06.02.2018; Misc. Application disposed on 06.08.2018
Alleged ill-gotten gains by persons/entities named in SEBI order dated July 31, 2014 leading to quantification and disgorgement proceedings.
Appeal allowed to be withdrawn with liberty to appear before WTM regarding report dated June 15, 2015 · WTM to pass appropriate order on merits after hearing appellant as expeditiously as possible
Appeal: Appeal No. 189 of 2015 withdrawn at appellant request and disposed of on 27.08.2015 with liberty to appear before WTM

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Source: SecMarx — Harish Chandra 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.