Late Shri Anjiraju Chintalapati

SAT-appeal

• The appellants were alleged to be insiders with access to UPSI concerning inflated books and financial condition of Satyam, and to have sold or pledged Satyam shares while possessing that UPSI, making unlawful gains.
  Appeals against the WTM order dated 10 September 2015 were heard together and disposed of by the common decision. · The restraint from accessing the securities market based on PFUTP Regulation 11 was held unsustainable because no PFUTP violation was established.
  Appeal: Appeal Nos. 451, 452, 453, 458, 459, 460, 461, 462 and 463 of 2015; SAT decision dated 11 August 2017. The text also mentions the Tribunal's 12 May 2017 order concerning B. Ramalinga Raju and B. Rama Raju.
• SAT matter SATV-B648DB5451DDAEEE05DA3A39
  Registry directed to correct inadvertent error in order dated 11.8.2017 by numbering paragraphs continuously
  Appeal: Appeal Nos. 451, 452, 453, 458, 459, 460, 461, 462, 463 of 2015 with Misc. Application No.87 of 2017; corrigendum dated 16.8.2017 to common order dated 11.8.2017
• Appellants as Satyam promoters/connected persons were insiders with access to UPSI that Satyam books were inflated and sold/pledged Satyam shares while in possession of UPSI for unlawful gains.
  WTM restrained appellants from securities market and dealing in securities for 7 years · WTM directed disgorgement of unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju
  Appeal: Appeal Nos. 463, 451, 452, 453, 458, 459, 460, 461, 462 of 2015 with Misc. Application 87/2017, reserved 02.08.2017 decided 11.08.2017; related Raju appeals vs order 15.07.2014 decided 12.05.2017 remanding disgorgement
• Appellants as promoters/connected/deemed connected persons were insiders with access to UPSI that Satyam books were inflated and sold/pledged Satyam shares while in possession of UPSI, making unlawful gains in violation of PIT Regulations and SEBI Act.
  WTM order dated 10.09.2015 restrained appellants from securities market for 7 years · Direct disgorgement of appellant-wise unlawful gains per para 65 jointly and severally with B. Ramalinga Raju and B. Rama Raju with 12% interest
  Appeal: Appeal Nos. 463, 451, 452, 453, 458, 459, 460, 461, 462 of 2015 with Misc. Application 87/2017 against WTM order 10.09.2015, reserved 02.08.2017, decided 11.08.2017; prior Raju appeals against 15.07.2014 order decided 12.05.2017