M/s KV Impex, New Fashion, Vora Associates, J.C. Enterprise (Vora group)
Penalties and directions recorded
- SAT operative directions not in provided excerpt; AO penalties under challenge
SAT-appeal
- Diversion of Birla Pacific Medspa Ltd IPO proceeds to fund purchase of its own shares on listing day, creating misleading appearance and supporting price rise, defrauding IPO investors.Appeal: Appeal Nos. 328-333, 359 and 381 of 2021 against AO orders; reserved on 01.12.2022, date of decision 20.12.2023
- Diversion of Birla Pacific Medspa Ltd IPO proceeds to facilitate purchase of its own shares on listing day, creating misleading appearance and supporting price rise, defrauding IPO investors.SAT operative directions not in provided excerpt; AO penalties under challengeAppeal: Appeal Nos. 328-333, 359 and 381 of 2021 against AO orders dated 04.02.2021, 12.02.2021, 10.02.2021; reserved 01.12.2022, decided 20.12.2023
Source: SecMarx — M/s KV Impex, New Fashion, Vora Associates, J.C. Enterprise (Vora group). 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.