Manisha Chatterjee

SAT-appeal

• SAT matter SATV-25EA02E40328FECA6739AEB0
  Miscellaneous Application No. 137 of 2023 was directed to be listed on 3 May 2023.
  Appeal: Appeal No. 231 of 2018 was pending; Miscellaneous Application No. 137 of 2023 was adjourned for listing on 3 May 2023.
• SAT matter SATV-34D2031C81E2DFE427B81F32
  By consent, Appeal No. 231 of 2018 and Miscellaneous Application No. 609 of 2024 were adjourned for hearing to 8 November 2024
  Appeal: Appeal No. 231 of 2018 was pending; by consent, it was adjourned to 8 November 2024
• Illegal mobilization of funds through issuance of Redeemable Preference Shares and failure to refund amounts collected to investors with interest as directed by WTM orders.
  Dismissed appeal of appellant No.3; upheld Recovery Certificate and attachment order dated 13/03/2018 · Upheld Recovery Officer order dated 06/06/2019 rejecting appellant No.3 representation
  Appeal: Appeal No.231 of 2018 with Misc. Applications 90/2019 and 382/2019 dismissed/disposed on 06.03.2020
• Recovery/attachment proceeding where principal amount of Rs 1,31,15,000 was sought to be recovered from appellant/company assets.
  Direct SEBI/respondents to defreeze bank accounts and demat account of appellant · Dispose of Misc. Application No.137 of 2023 accordingly
  Appeal: Appeal No.231 of 2018 dismissed by SAT on 06.03.2020; Misc. Application No.137 of 2023 in said appeal disposed of on 14.06.2023
• Alleged unauthorized collection of funds through issuance of redeemable preference shares requiring refund to investors.
  Appellants permitted to withdraw appeal and approach SEBI with concrete proposal for sale of assets · SEBI to consider proposal and facilitate expeditious sale with proceeds paid to investors
  Appeal: Appeal No.213 of 2016 withdrawn and disposed on 05/08/2016; Misc. Application No.157 of 2016 disposed accordingly
• SAT matter SATV-D657E62C91C0C6FA3BCF6DEF
  Respondent to file reply within three weeks from 03.05.2023 · Matter listed on June 5, 2023
  Appeal: Misc. Application No. 137 of 2023 in Appeal No. 231 of 2018 pending; order dated 03.05.2023 directing reply, next listing June 5, 2023
• SAT matter SATV-A7339FFC8B396E28C90BFDF1
  Counsel for appellant to appear physically in court; virtual hearing not permitted · List matter on 14 June 2023; rejoinder, if any, may be filed by then
  Appeal: Misc. Application No.137 of 2023 in Appeal No.231 of 2018 pending; listed on 14 June 2023
• Ravikiran Realty allotted redeemable preference shares to 1,176 investors mobilising Rs 131 lakhs in FY 2012-13; SEBI directed refund by final order.
  Misc Application No.137 of 2023 dismissed with no costs; attachment on appellant bank accounts and lockers to continue
  Appeal: Misc App disposed 14 Jun 2023; set aside by Supreme Court in Civil Appeal No.6935 of 2023 vide order dated 12 Feb 2024 and remitted for fresh consideration; Appeal No.231 of 2018 dismissed 06 Mar 2020
• Illegal collection of funds through issuance of Redeemable Preference Shares and failure to refund investors with interest per WTM orders.
  Dismiss appeal of appellant No.3; uphold Recovery Certificate and attachment order dated 13.03.2018 · Uphold Recovery Officer order dated 06.06.2019 rejecting representation
• SAT matter SATV-D7DDB28671B55BEC376008F0
  Appeal No.231 of 2018 dismissed as not pressed for Appellant Nos.1 and 2 · Appellant No.3 granted three weeks to file amendment application
  Appeal: Appeal No.231 of 2018 partly dismissed as not pressed for Appellants 1-2 on 14 June 2019; pending for Appellant 3; Misc Application No.72 of 2019 rejected
• SAT matter SATV-D22D6190FAFDA5B6B41C5485
  Adjourned with matter to be called on 24.02.2025 for fresh consideration after Supreme Court remand · Four weeks time granted at request of applicant
  Appeal: Appeal No. 231 of 2018 dismissed 06.03.2020; Misc. Application No. 137 of 2023 allowed 14.06.2023 directing defreeze; Supreme Court Civil Appeal No. 6935 of 2023 allowed 12.02.2024 setting aside 14.06.2023 order and remitting for fresh consideration
• Underlying liability to refund amounts to investors enforced via SEBI recovery attachment (specific violation not detailed in this procedural order)
  Delay in removing office objections condoned and dismissed appeal restored · Appeal to be placed for admission on August 10, 2018 subject to removal of objections by August 9, 2018
  Appeal: Misc. Application No.178 of 2018 in Appeal Lodging No.188 of 2018 disposed on 05.07.2018; appeal restored for admission on 10.08.2018