Mahendra Shah

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants 2-7 allowed to pledge shares with financiers/financial institutions per law
Company auditors to do special audit and submit quarterly certificate/report to SEBI on utilization

SAT-appeal

SAT matter SATV-C4D37484BA69DB7C73265076
Appeal allowed to be withdrawn with no order as to costs
Appeal: Appeal No. 253 of 2015 with Misc. Application No. 175 of 2015 withdrawn and disposed on 08.09.2016 with no order as to costs
Sharp price rise in Karuna Cables scrip Feb-Sep 2005 on BSE/NSE under SEBI investigation; suspected irregularity involving promoters, specifics pending final action.
Appellants 2-7 allowed to pledge shares with financiers/financial institutions per law · Pledge proceeds to be put in company account to meet financial requirements
Appeal: Appeal No.128 of 2006 disposed on 10.10.2007 with limited modification permitting pledge of shares

Analyse these matters in Ontology · Plans

Source: SecMarx — Mahendra Shah. 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.