Laxminarayan S/o Jainarayan Rathi

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty imposed on the appellant reduced from Rs. 1,10,00,000 to Rs. 20,00,000

SAT-appeal

Alleged fraudulent GDR scheme involving funding of the sole subscriber through a loan secured by pledged GDR proceeds, non-disclosure of agreements and misleading subscription disclosures.
Appeal partly allowed · Penalty imposed on the appellant reduced from Rs. 1,10,00,000 to Rs. 20,00,000
Appeal: Appeal No. 545 of 2022 decided on 4 September 2023; penalty reduced
SAT matter SATV-F1983BD0F9013845823A0700
Delay in filing reply condoned; Misc. Application No. 559 of 2023 allowed · Respondent's reply taken on record
Appeal: Appeal No. 545 of 2022 pending before SAT; procedural order dated 12.06.2023, next listed July 11, 2023
SAT matter SATV-DBB7BA7F6E932A595F1FB7C0
Appeal No.545 of 2022 dismissed for want of prosecution · Misc. Application Nos.970 and 971 of 2022 disposed of accordingly
Appeal: Appeal No.545 of 2022 dismissed for want of prosecution on 12.9.2022

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Source: SecMarx — Laxminarayan S/o Jainarayan Rathi. 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.