Kamleshkumar Patel

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal allowed in part; refund 1100 approaching investors with 9% p.a. from receipt till repayment instead of 12%
AO penalty of Rs 10 lakh sustained
Refund 1100 investors who approached with 9% p.a. interest from receipt till repayment instead of 12%
All other findings and directions in impugned AO and WTM orders remain undisturbed

SAT-appeal

Operating unregistered CIS collecting Rs 1000/2500 per teak sapling from 9520 investors and failing to wind up and refund after Dec 2000 SEBI direction.
Appeal allowed in part; refund 1100 approaching investors with 9% p.a. from receipt till repayment instead of 12% · All other findings and directions in WTM order Feb 27, 2023 undisturbed including winding up and refund
Appeal: Appeal No. 235 of 2022 and Appeal No. 498 of 2023 filed u/s 15T disposed by SAT common order dated 01.09.2025, allowed in part
Operating unregistered teak-plantation Collective Investment Scheme and failing to wind up and refund investors after December 2000 SEBI direction
Refund 1100 investors who approached with 9% p.a. interest from receipt till repayment instead of 12% · All other findings and directions in impugned AO and WTM orders remain undisturbed
Appeal: Appeal Nos. 235 of 2022 and 498 of 2023 disposed on 01.09.2025, allowed in part

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Source: SecMarx — Kamleshkumar Patel. 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.