Kaushik Bhatt

SAT-appeal

• SAT matter SATV-00A970A11FB3FFB32D7680C1
  Appeals adjourned on the appellants' request · Appeals listed for admission on 9 August 2021
  Appeal: Appeal Nos. 498, 499 and 500 of 2021; order dated 29 July 2021 adjourned the matters and listed them for admission on 9 August 2021
• SAT matter SATV-05A56D4CE27954B526774C86
  Condonation-of-delay applications allowed. · SEBI to file reply within two weeks.
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were pending; listed for admission and final disposal on 16 September 2021.
• SAT matter SATV-07DB83F5FB06FDA5BC3DCCA0
  Appeals adjourned on the appellants' request · Appeals listed for admission on 9 August 2021
  Appeal: Appeal Nos. 498, 499 and 500 of 2021 were adjourned on 29 July 2021 and listed for admission on 9 August 2021; no final disposal stated
• SAT matter SATV-08A58A0679D22685EA26F151
  Appeals adjourned on appellants' request · Matters listed for hearing on 25 January 2022
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were adjourned on 21 December 2021 and listed for 25 January 2022; no disposal on merits.
• SAT matter SATV-0530B04B1C709425D7E4EBDA
  Appellants permitted three weeks to file an affirmed copy of the rejoinder · Appeals listed for 11 March 2022
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were pending; adjourned for filing rejoinder and listed on 11 March 2022
• SAT matter SATV-13EF6EAB53D6FF05C21A8FAB
  Miscellaneous applications for condonation of delay allowed · SEBI to file reply within two weeks
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were pending; listed for admission and final disposal on 16 September 2021
• SAT matter SATV-0AC8EF33F905FDF6BB6BB552
  Appeals listed on 15 November 2021 · Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were adjourned on 16 September 2021 and listed for 15 November 2021
• SAT matter SATV-172CE424AEDFB33DFB7E2B41
  Appellants granted three weeks to file rejoinder · Matters listed on 21 December 2021
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 were pending; rejoinder permitted and matters listed on 21 December 2021
• SAT matter SATV-1AF88A412CD2B6C594348C7A
  Order reserved in the connected appeals.
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 heard; order reserved on 11 March 2022.
• SAT matter SATV-2323ADABFE30B64CBA304C17
  Three weeks' time granted to the appellants to file rejoinder · Matters listed on 21 December 2021
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021; order dated 15 November 2021 granted time to file rejoinder and listed the matters for 21 December 2021; not finally disposed
• SAT matter SATV-2E27B5A99831BF9DBF75F6FC
  Order reserved after hearing counsel for parties · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 heard on 11.03.2022; order reserved, not finally disposed
• Party to fraudulent scheme to portray Kemrock Industries GDR as genuinely subscribed by concealing that Vintage FZE sole subscriber was funded by Euram Bank loan secured by GDR proceeds.
  Impugned WTM order dated 27 Jan 2021: debarred appellants from securities market for 6 months · Impugned AO order dated 28 Apr 2021: Rs 10 lakhs penalty on each appellant
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 - Order Reserved 11.03.2022, Date of Decision 25.03.2022; final disposal reasoning not in excerpt
• Party to fraudulent scheme to project KIEL GDR as genuinely subscribed by concealing company-facilitated subscription by sole subscriber Vintage FZE via Euram Bank loan secured by GDR proceeds.
  WTM impugned order: debarred both appellants from securities market for 6 months · AO impugned order: penalty of Rs 10 lakhs on each appellant for same violation
  Appeal: Appeal Nos. 498,499,500,501 of 2021 reserved on 11.03.2022, date of decision 25.03.2022; final SAT disposal reasoning truncated in excerpt
• SAT matter SATV-469CEE5C8E27F5B63AA55966
  Condonation of delay in Misc. Applications allowed · Respondent SEBI to file reply within two weeks
  Appeal: Appeal Nos. 498, 499, 500, 501 of 2021 with Misc. Applications 781, 782, 783, 790 of 2021 pending; condonation allowed; reply/rejoinder stage; next date September 16, 2021
• SAT matter SATV-4C24ED3C1345976D242E8C73
  Three weeks time allowed to the appellant to file rejoinder · Matter listed on December 21, 2021
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 pending before SAT; adjourned to December 21, 2021
• SAT matter SATV-563A33BA27407C7D7208EC16
  Condonation of delay in Misc. Applications allowed · Respondent SEBI granted two weeks to file reply
  Appeal: Appeal Nos. 498, 499, 500, 501 of 2021 with Misc. Applications 781, 782, 783, 790 of 2021 pending; delay condoned, next hearing 16.09.2021
• SAT matter SATV-5C9738CDC28E7BCD26335A86
  Order reserved after hearing counsel for parties · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 heard on 11.03.2022; order reserved, not disposed
• SAT matter SATV-6DE10B1254842EB9F5DF968C
  Adjourned on request of appellants' counsel · List Appeals on January 25, 2022
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 pending; adjourned to January 25, 2022
• SAT matter SATV-7E702F1EF1643E3AF0673726
  All appeals taken up together as arising from same issue · Adjourned on request of appellant; listed for admission on August 9, 2021
  Appeal: Appeals 498-501/2021 with Misc Apps 781,782,783,790/2021 pending; adjourned to 9 Aug 2021 for admission
• SAT matter SATV-7F65F9B0E8A5D36A42CD08CB
  List Appeal Nos. 498, 499, 500 and 501 of 2021 on November 15, 2021 as bench not available · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 pending; adjourned on 16.09.2021 and listed on November 15, 2021
• SAT matter SATV-90CACCE4BE3134366E459717
  Order reserved after hearing parties · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 heard on 11.03.2022; order reserved
• SAT matter SATV-A2072B95DC3F096FC22F19D5
  Three weeks time allowed to appellant to file rejoinder · List matter on December 21, 2021
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 pending before SAT; adjourned to December 21, 2021
• SAT matter SATV-BD0A84F923E29E80F26017D0
  Adjourned on request of appellant and listed for admission · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 498, 499, 500, 501 of 2021 with Misc. Applications 783, 781, 782, 790 of 2021 adjourned on 29.07.2021 and listed for admission on August 9, 2021
• SAT matter SATV-D2FC9DD02EC409BAA61D3B7F
  List Appeal Nos. 498-501 of 2021 on November 15, 2021 as bench not available · Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 adjourned to November 15, 2021 due to bench not available
• SAT matter SATV-DCEF9460F4D0F9448EACC671
  Adjourned on request of appellants' counsel · List on January 25, 2022
  Appeal: Appeal Nos. 498, 499, 500, 501 of 2021 adjourned vide order dated December 21, 2021 to January 25, 2022, not disposed
• SAT matter SATV-E9C69C81CBD82B9CA0D8A1A1
  Adjourned on request of appellants' counsel · List on January 25, 2022
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 adjourned on appellants' request; next listed on January 25, 2022
• Fraudulent GDR scheme concealing pledge of GDR proceeds to Euram Bank to fund sole subscription by Vintage FZE, misleading investors that issue genuinely subscribed.
  Impugned WTM order debarred appellants from securities market for 6 months · Impugned AO order imposed Rs 10 lakhs penalty on each appellant
• Fraudulent GDR scheme to mislead investors that Kemrock GDRs were genuinely subscribed by foreign investors while concealing company-facilitated subscription by sole subscriber Vintage FZE via Euram Bank loan secured by GDR proceeds.
  WTM order 27 Jan 2021: debarment from securities market for 6 months for each appellant · AO order 28 Apr 2021: penalty of Rs 10 lakhs on each appellant for same violation
• SAT matter SATV-EA9DBEB3DDAD7B1AD2AC4245
  Bench not available; list Appeals No. 498, 499, 500, 501 of 2021 on November 15, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 498, 499, 500 and 501 of 2021 pending; adjourned to November 15, 2021, not disposed