Jospeh Polisetty

SAT-appeal

• Preferential allottees allegedly profited by selling shares after lock-in expiry; sale price taken as unlawful gain for penalty.
  Effect and operation of impugned order stayed for appellants subject to deposit of 25% penalty · If 25% deposited, balance amount not to be recovered during pendency of appeal
  Appeal: Appeal Nos. 924, 925, 926, 927 of 2022 pending; conditional stay granted 23.11.2022; next date 17.01.2023
• SAT matter SATV-D77490F12D0935E4B28F1688
  Order reserved after hearing learned counsel for the parties · All parties to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 924, 925, 926, 927 of 2022 and 29, 30, 31 of 2023 before SAT Mumbai; heard, order reserved on 12.06.2023, no final disposal yet