Kaushik Roy

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Parties to take instructions from Registrar 48 hours before fixed date on VC vs physical hearing
Impugned WTM orders against both appellants quashed
Appeals allowed and matters remitted to WTM for de novo proceedings
Appellants remain subject to directions to wind up the CIS and refund investors.
Appeals allowed; impugned WTM orders against both appellants quashed

SAT-appeal

SAT matter SATV-3F0E16620ADEED25AE1ED093
One week and no more time allowed to appellant to file scanned copies of memo of appeal etc. · List matter on March 7, 2022
Appeal: Appeal No. 172 of 2020 pending; adjourned to March 7, 2022
Company floated unregistered Flexi Potato Purchase Scheme held to be an unregistered collective investment scheme
SAT dismissed Appeal Nos. 171 and 172 of 2020 with no order as to costs · Affirmed direction to wind up CIS and refund money per final order dated 09 Jul 2013
Appeal: Appeal Nos. 171 and 172 of 2020 dismissed on 07.03.2022 with no order as to costs
Alleged operation of unregistered Collective Investment Scheme through potato purchase scheme soliciting public funds promising huge returns.
Impugned WTM orders against both appellants quashed · Appeals allowed and matters remitted to WTM for de novo proceedings
Appeal: Appeal Nos. 401 of 2018 and 402 of 2018 allowed and disposed on 04.09.2019 after hearing on 29.08.2019
Running the unregistered “Flexi Potato Purchase Scheme”, which was found to constitute an unregistered collective investment scheme.
Appeal Nos. 171 and 172 of 2020 dismissed. · Appellants remain subject to directions to wind up the CIS and refund investors.
Appeal: Appeal Nos. 171 and 172 of 2020 dismissed on 7 March 2022; no order as to costs.
SAT matter SATV-EB56F6F1FCDC26D69F207DD4
Impugned WTM order dated July 9, 2013 quashed and set aside qua appellant · WTM of SEBI to pass fresh order on merits and in accordance with law after hearing appellant
Appeal: Appeal No. 290 of 2016 with Misc. Application No. 234 of 2016 disposed on 09.01.2017
Alleged operation of unregistered Collective Investment Scheme by Sumangal Industries Ltd collecting public funds promising huge returns
Appeals allowed; impugned WTM orders against both appellants quashed · Matters remitted to WTM to issue fresh show cause notice and proceed de novo
Appeal: Appeal Nos. 401 and 402 of 2018 heard 29.08.2019, decided 04.09.2019; both allowed, impugned orders quashed and remanded

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Source: SecMarx — Kaushik Roy. 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.