Milestone Trusteeship Services Private Limited

2 matters before the Securities Appellate Tribunal

SAT-appeal

Fund failed to comply with PPM terms by not achieving second and final closing, violating Reg 11(1) read with Circular Cl 2(C)(b)(i),(ii) and 2(C)(c)(ii).
WTM barred appellant from new AIF trustee assignments for 1 year from 28 Feb 2024 · WTM restrained appellant from associating with SEBI intermediaries for 3 months
Appeal: Appeal No.182 of 2024 u/s 15T against WTM order 28 Feb 2024; heard/reserved 11 Aug 2025, pronounced 28 Nov 2025; interim stay 13 Mar 2024
Fund failed to achieve second and final closings per PPM; trustee violated Reg 11(1) read with Circular duties of integrity, due diligence and independent judgment.
WTM barred appellant from taking new AIF trustee assignments for one year · WTM restrained appellant from associating with SEBI registered intermediaries for three months
Appeal: Appeal No.182 of 2024 heard and reserved 11 Aug 2025, pronounced 28 Nov 2025; impugned directions stayed by interim order 13 Mar 2024

Analyse these matters in Ontology · Plans

Source: SecMarx — Milestone Trusteeship Services Private Limited. 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.