India Finsec Ltd.
Penalties and directions recorded
- Parties to take instructions from Registrar 48 hours before date fixed on VC vs physical hearing
- Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
- Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
- Parties directed to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearing
- Impugned order stayed for the appellant during pendency of the appeal upon deposit of Rs. 50 lakhs within three weeks.
SAT-appeal
- SAT matter SATV-2F3010FDE011C1BAAADB0583Adjourned on request of learned counsel for respondent · List on July 29, 2022Appeal: Appeal No. 446 of 2021 pending; adjourned on 30.06.2022 to July 29, 2022
- SAT matter SATV-509244BD8B1CEF358CDC3476Three weeks time allowed to appellant to file rejoinder · List on October 18, 2021Appeal: Appeal No. 446 of 2021 pending - adjourned on 09.09.2021 to October 18, 2021 for rejoinder
- SAT matter SATV-6B0ECF1C53F0D09F335568EDThree weeks time allowed to appellant to file rejoinder · List matter on 3rd December 2021Appeal: Appeal No. 446 of 2021 (India Finsec Ltd. vs SEBI) pending; adjourned to 3 December 2021 for filing rejoinder
- SAT matter SATV-6ABDA765776099024A9F663EOrder reserved after hearing counsel for parties · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual chargesAppeal: Appeal No. 446 of 2021 heard on 19.09.2022 - order reserved, not disposed
- Acting as conduit in round-tripping of funds to finance company's own dubious preferential allotment, engaging in fraudulent scheme.Appeal dismissed; WTM 18-month securities market access and dealing prohibition upheld as already undergone · No order as to costs; parties to act on digitally signed copyAppeal: Appeal No. 446 of 2021 heard on 19.09.2022 and dismissed on 21.09.2022
- SAT matter SATV-8620D7AC6280CBF964DC537CAdjourned on request of appellant · List on January 13, 2022Appeal: Appeal No. 446 of 2021 pending - adjourned on appellant request, next date January 13, 2022
- SAT matter SATV-8BB405FCD35BB5A2F8BF38F0Adjourned and listed on 26 August 2022 as appellant appearing online was inaudible · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal No. 446 of 2021 pending; adjourned to 26 August 2022 vide order dated 29.7.2022
- SAT matter SATV-9A47D8189A84155071E84A3AMatter adjourned and listed on February 25, 2022 pending settlement consideration · Parties to take instructions from Registrar 48 hrs before fixed date on hearing modeAppeal: Appeal No. 446 of 2021 pending; adjourned to February 25, 2022 as settlement application pending before SEBI
- SAT matter SATV-BCCDCA47E2D11E0DB7ACBB84List on September 19, 2022 · Parties to act on digitally signed copy of order by Private SecretaryAppeal: Appeal No. 446 of 2021 pending, listed on September 19, 2022
- SAT matter SATV-D2CA949B82225B9BD5DB5F80Matter adjourned and listed on April 12, 2022 due to pending settlement application · Parties directed to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearingAppeal: Appeal No. 446 of 2021 pending; adjourned to April 12, 2022 for pending settlement application before SEBI
- The appellant was allegedly a conduit for transfer of a preferential allotment as part of round-tripping of funds.Respondent to file reply within three weeks. · Appellant to file rejoinder three weeks thereafter.Appeal: Appeal No. 446 of 2021; order dated 5 July 2021; interim stay conditional on deposit, with final disposal listed for 9 September 2021
- SAT matter SATV-81A12C0FFA2A406D12946CAAMatter adjourned due to pending settlement application before SEBI, listed on 30th June, 2022Appeal: Appeal No.446 of 2021 (India Finsec Ltd. vs SEBI) pending before SAT, adjourned on 12.4.2022 to 30th June, 2022
Source: SecMarx — India Finsec Ltd.. 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.