M/s. Orbit Financial Consultants Pvt. Ltd.

2 matters before the Securities Appellate Tribunal

SAT-appeal

Diversion of Birla Pacific Medspa IPO proceeds to fund purchase of its own shares on listing day, creating misleading appearance and supporting price rise.
Appeal: Appeal Nos. 328-333 of 2021, 359 of 2021 and 381 of 2021 decided on 20.12.2023, reserved on 01.12.2022; no further appeal mentioned
Diversion of Birla Pacific Medspa Ltd IPO proceeds to conduit entities to fund purchase of its own shares on listing, creating false demand and supporting price, defrauding IPO investors.

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Source: SecMarx — M/s. Orbit Financial Consultants Pvt. Ltd.. 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.