Mahendra Singh Bisht

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty of Rs.11 lakh on Goldline International Finvest Ltd. affirmed
Penalty on Mahendra Singh Bisht reduced from Rs.20 lakh to Rs.5 lakh
Rs 11 lakh penalty on company affirmed, company appeal dismissed
Rs 20 lakh penalty on Whole Time Director reduced to Rs 5 lakh, his appeal partly allowed

SAT-appeal

SAT matter SATV-A633E1E286D2B245812C1EAA
Both appeals taken up together as against common order · Respondent to file reply within three weeks
Appeal: Appeal No. 652 of 2023 and Appeal No. 653 of 2023 pending; reply/rejoinder stage, next listing 12 October 2023 for admission and final disposal
Mis-utilisation of Rs.11.70 crore out of Rs.48.72 crore raised via preferential allotments by giving interest-free loans to 30 entities, violating Section 12A and PFUTP Regs 3 and 4.
Finding of mis-utilisation by company upheld · Penalty of Rs.11 lakh on Goldline International Finvest Ltd. affirmed
Appeal: Appeal Nos. 652 and 653 of 2023 (with Misc. Applications 1318-1319 of 2023) disposed on 04.12.2023 - company appeal dismissed, director appeal partly allowed
SAT matter SATV-B3A35C66C7765B697B016F51
List on December 4, 2023
Appeal: Appeal No. 652 of 2023 and Appeal No. 653 of 2023 pending, next listed on December 4, 2023
Mis-utilisation of Rs 11.70 cr of Rs 48.72 cr raised via preferential allotments by giving interest-free loans to 30 entities contrary to stated objects.
Mis-utilisation finding against company upheld · Rs 11 lakh penalty on company affirmed, company appeal dismissed
Appeal: Appeal Nos. 652 and 653 of 2023 decided on 04.12.2023; company appeal dismissed, director appeal partly allowed

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Source: SecMarx — Mahendra Singh Bisht. 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.