Jindal Cotex Limited
Penalties and directions recorded
- WTM prohibition of appellants from securities market directly/indirectly for 5 years upheld
- Held AO penalty excessive, disproportionate and discriminatory; indicated reduction on parity (operative quantum truncated in text)
SAT-appeal
- SAT matter SATV-04B569F1D165977D79FE8907Order reservedAppeal: Appeal No. 566 of 2025, with Miscellaneous Applications Nos. 1373 and 1374 of 2025 and 366 of 2026; heard and order reserved on 6 July 2026
- SAT matter SATV-0D7E8140D08B0CC9F86936AFBy consent, list Appeal No. 566 of 2025 and Miscellaneous Applications Nos. 1373 and 1374 of 2025 on 9 February 2026Appeal: Appeal No. 566 of 2025, along with Miscellaneous Application Nos. 1373 and 1374 of 2025; adjourned by consent to 9 February 2026
- SAT matter SATV-135B2E7F3803EFC38B472599Matter adjourned by consent for further hearing on 23 January 2026Appeal: Appeal No. 566 of 2025 was pending before SAT; by consent, further hearing fixed for 23 January 2026
- SAT matter SATV-17CA44E2D460582AC04B6E2BAdjourned because the appellants were unable to join by virtual mode · Listed for hearing on November 2, 2023Appeal: Appeal No. 376 of 2023 was adjourned on 1 September 2023 and listed for 2 November 2023; no disposal stated
- SAT matter SATV-6B1543BD5D133BFAAA5827B5By consent, call on February 09, 2026Appeal: Appeal No. 565 of 2025 with Misc. Application Nos. 1368 and 1369 of 2025 pending; adjourned by consent to February 09, 2026 vide order dated 23.01.2026
- SAT matter SATV-8400181F14F841C7F4B4BC36Respondent granted two weeks from 18.03.2026 to file reply · Rejoinder, if any, to be filed within one week thereafterAppeal: Appeal No. 565 of 2025 with Misc. Application Nos. 1368 & 1369 of 2025 pending; adjourned vide order dated 18.03.2026 for admission hearing on 16.04.2026
- SAT matter SATV-CBBF87FB786EC860A38FB008Adjournment granted at respondent's request; matter to be called on March 18, 2026Appeal: Appeal No. 566 of 2025 with Misc. Application No. 1373 of 2025 and 1374 of 2025 pending; adjourned to March 18, 2026
- Fraudulent 2010 GDR issue where sole subscriber Vintage FZE subscribed via EURAM Bank loan secured by pledge of GDR proceeds by issuer, with false subscriber list and non-disclosure misleading investors.WTM prohibition of appellants from securities market directly/indirectly for 5 years upheld · Appeal No. 376 of 2019 dismissed with no order on costsAppeal: Appeal No. 376 of 2019 against WTM order dated April 24, 2019 - dismissed on February 5, 2020 (Order Reserved 23.01.2020)
- SAT matter SATV-E1506C67FAADDB14F29AB9F3Additional two weeks time granted to appellant to file rejoinder · Matter posted for hearing on July 06, 2026Appeal: Appeal No. 566 of 2025 pending along with Misc. Application Nos. 1373, 1374 of 2025 and 366 of 2026; adjourned to 06 July 2026
- SAT matter SATV-DA55544310DBD2D6CEEB69C6Respondent granted one week time to complete instructions · Matter adjourned by consent to January 23, 2026Appeal: Appeal No. 565 of 2025 pending before SAT; adjourned to January 23, 2026
- SAT matter SATV-77318812FFA8A3018948F2CEAdjournment granted at respondent's request, matter to be called on March 18, 2026Appeal: Appeal No. 565 of 2025 with Misc. Application No. 1368 of 2025 and Misc. Application No. 1369 of 2025 pending before SAT; adjourned on 09.02.2026 to 18.03.2026
- SAT matter SATV-77D1EB3A41310BEC851D10C7Heard - order reserved, no final disposal on 06.07.2026Appeal: Appeal No. 565 of 2025 heard on 06.07.2026, order reserved and pending
- SAT matter SATV-7ACC2656733B6F4141CA62D0Additional two weeks time granted to appellant to file rejoinder · Matter to be called on July 06, 2026Appeal: Appeal No. 565 of 2025 along with Misc. Application Nos. 1368 and 1369 of 2025 pending; rejoinder stage; next date July 06, 2026
- Fraudulent GDR scheme: sole subscription of 5 million GDRs (USD 38.75 million) by Vintage FZE via EURAM Bank loan secured by pledge of GDR proceeds, with non-disclosure misleading investors.Held AO penalty excessive, disproportionate and discriminatory; indicated reduction on parity (operative quantum truncated in text)Appeal: Appeal No. 76 of 2023 reserved 06.02.2023, decided 23.02.2023 by SAT
- SAT matter SATV-DDE8A639B0016DE325DCFB01Two weeks time granted to respondent to file reply from 18.03.2026 · Rejoinder, if any, may be filed within one week thereafterAppeal: Appeal No. 566 of 2025 with Misc. Application Nos. 1373 & 1374 of 2025 pending; admission hearing fixed for 16.04.2026
Source: SecMarx — Jindal Cotex Limited. 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.