Mercury Fund Management Co. Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Rs 10 lakh penalty u/s 15HA for FUTP violation set aside with liberty to start fresh proceedings if company and Vinod Baid found guilty

SAT-appeal

Failure to disclose acquisition/disposal beyond threshold and change in shareholding, non-compliance with summons, and alleged facilitation of promoter Vinod Baid offloading Gennex shares via false positive announcement.
Appeal partly allowed with no order as to costs · Findings on disclosure defaults and summons non-compliance upheld
Appeal: Appeal No. 136 of 2012 decided on 12.09.2012, partly allowed
SAT matter SATV-BC448A074BE3009D6281E682
Dismissed as withdrawn with liberty to file fresh appeal with revised grounds and complete documents
Appeal: Appeal No. 3 of 2012 dismissed as withdrawn on 31.01.2012 with liberty to file fresh appeal

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Source: SecMarx — Mercury Fund Management Co. 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.