Konark Commerce & Industries Ltd. and Ors.

SAT-appeal

• Alleged fraudulent and unfair trade practices relating to securities market concerning Brooks Laboratories Ltd. in violation of Sec 12A and PFUTP Regulations 3-4.
  Impugned ex-parte AO order dated 31 Dec 2013 set aside subject to payment of costs · Appellants permitted to file detailed reply to SCN and serve SEBI
  Appeal: Appeal Nos 26 to 40 of 2015 allowed on 15.12.2015; impugned AO order dated 31.12.2013 set aside and remanded for fresh decision
• Alleged violation of Section 12A(a)-(c) and PFUTP Regulations 3(a)-(d), 4(1), 4(2)(a) and (e) in relation to Brooks Laboratories Ltd., leading to various monetary penalties under Section 15HA.
  Common ex-parte AO order dated 31.12.2013 set aside subject to payment of costs · Appellants permitted to file detailed reply to SCN and serve SEBI within one month
  Appeal: Appeal Nos. 26 to 40 of 2015 allowed on 15.12.2015 and remanded for fresh order; prior Appeal No. 57 of 2014 (Harish Sureka) against same order allowed on 16.06.2014
• Fraudulent and unfair trade practices relating to securities market in Brooks Laboratories Ltd. in violation of Section 12A and PFUTP Regulations 3 and 4.
  Common ex-parte AO order dated 31 Dec 2013 set aside qua all appellants subject to costs · Appellants permitted to file detailed reply to SCN and serve SEBI
  Appeal: Appeal Nos. 26 to 40 of 2015 disposed on 15.12.2015; all allowed, impugned order set aside and remanded to SEBI for fresh order
• SAT matter SATV-735A929B17D229A0C45CAEC8
  Appeal Nos.256 to 270 of 2014 and Misc. Applications 106-121 of 2014 allowed to be withdrawn with liberty to file fresh appeals · Refund of Court fees allowed as per law
  Appeal: Appeal Nos.256-270 of 2014 with Misc. Applications 106-121 of 2014 withdrawn on 24.11.2014 with liberty to refile; no further appeal mentioned