Mohammad Rafi

64 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters listed on 10 October 2023
Parties to obtain instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
Matters listed on 21 October 2022
All listed matters were directed to be listed on 9 January 2023.
Arguments heard in the connected appeals; orders reserved.

SAT-appeal

SAT matter SATV-002C54028911F09B3AA14D18
Matter adjourned on SEBI's request · List all appeals on 6 December 2023
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022 were adjourned on 10 October 2023 and listed for 6 December 2023
SAT matter SATV-021B46E8D78FA687749A1FAB
10 days’ further time allowed to appellants to file written submissions · Matters listed on 10 October 2023
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022 were pending; further time granted for written submissions and matters listed on 10 October 2023
SAT matter SATV-023191D93A6C1E417F956218
Appeals adjourned on the appellants' request · List the appeals on 5 April 2022
Appeal: Appeal Nos. 99 and 98 of 2021 by Sham Sadhuram Gandhi, Appeal Nos. 427 and 428 of 2021 by Mohammad Rafi and another, and Appeal Nos. 429 and 430 of 2021 by Roma Shamshad; adjourned on 28 February 2022 and listed for 5 April 2022
SAT matter SATV-02E30B1A3E4613EF34DFDD8E
Respondent's request for adjournment allowed · Matters listed on 21 October 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 were adjourned on 14 September 2022; next listed on 21 October 2022.
SAT matter SATV-061A7399EA3EC0BDDA5FAD18
Hearing was heard in part · Matter listed for further hearing on 11 June 2024
Appeal: Appeal Nos. 98 of 2021, 99 of 2021, 427 of 2021, 428 of 2021, 429 of 2021 and 620 of 2022 were heard in part on 10 June 2024 and listed for further hearing on 11 June 2024.
SAT matter SATV-065A3825FB617BF7F9173FDE
All listed matters were directed to be listed on 9 January 2023. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 and 620 of 2021 were listed before SAT; no disposal on merits, with next listing fixed for 9 January 2023.
SAT matter SATV-061D92D8F6332A91EFA15795
All listed appeals were adjourned and directed to be listed on 3 January 2024
Appeal: Appeal Nos. 98/2021, 99/2021, 427/2021, 428/2021, 429/2021, 430/2021 and 620/2022 were pending and adjourned on 6 December 2023
SAT matter SATV-07A81E174C89BC3ED5D2A33E
Arguments heard in the connected appeals; orders reserved.
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022; heard and reserved on 11 June 2024.
SAT matter SATV-0822D6453FCAE916AE1AD3AF
Matters adjourned due to non-availability of the Bench · List on 06 February 2024
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 03 January 2024; listed on 06 February 2024.
SAT matter SATV-08E198603212E4D6ACD1355F
Delay in filing the appeals was condoned. · Miscellaneous applications were allowed.
Appeal: Appeal Nos. 427, 428, 429 and 430 of 2021 were heard on 29 June 2021; delay was condoned and matters were listed with Appeal No. 442 of 2020 on 13 July 2021.
SAT matter SATV-09626BEC824660EE85111CA6
List the connected appeals and dates of events on 27 February 2023 · Parties to act on the digitally signed copy of the order
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022 were listed for further proceedings; next date fixed as 27 February 2023
SAT matter SATV-0A9A956926C13AF730D1BC36
Hearing was partly completed. · Matter listed for further hearing on June 11, 2024.
Appeal: Appeal Nos. 98, 99, 427, 428, 429 of 2021 and 620 of 2022 were heard in part; further hearing listed for 11 June 2024.
SAT matter SATV-1327C9B2733B34C5DDCC8A2B
Three weeks' time granted to some appellants to file rejoinders · Matters listed for 8 November 2021
Appeal: Appeal Nos. 442/2020, 385/2020, 386/2020, 443/2020, 98/2021, 99/2021, 427/2021, 428/2021, and 429/2021 were pending and listed for further proceedings on 8 November 2021.
Alleged conspiracy to forge/counterfeit and consolidate public shareholders’ Finalysis shares, sell them through off-market transactions, and violations of PFUTP, SAST and PIT disclosure provisions.
WTM directions and AO penalties were challenged in connected appeals; the excerpt does not state the final operative disposal. · Original WTM directions included market-access restraints, director/KMP restraints, disgorgement and liquidation of specified shareholdings.
Appeal: Connected Appeals Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022; hearing on June 11, 2024 and decision dated August 9, 2024. Final disposal is not included in the supplied excerpt.
SAT matter SATV-186946D09443599F1364EE49
Matters adjourned on the appellants' request · List all appeals on 17 April 2023
Appeal: Appeal Nos. 99 of 2021, 98 of 2021, 427 of 2021, 428 of 2021, 429 of 2021, 430 of 2021 and 620 of 2022 were adjourned on 3 March 2023; next listing fixed for 17 April 2023.
Alleged conspiracy to forge/counterfeit and consolidate public shareholders’ Finalysis shares and sell them off-market, along with failures in takeover, insider-trading and related disclosures.
WTM directions under challenge included market-access restraints, director/KMP restraints, disgorgement and liquidation of specified shareholdings. · AO penalties under challenge included penalties under Sections 15HA, 15A(a), 15A(b) and Regulation 15H(i).
Appeal: SAT heard Appeals Nos. 98, 99, 427, 428, 429, 430 and 620 of 2022/2021 together; decision dated 9 August 2024. Extracted text does not state final disposal directions.
SAT matter SATV-1D3DD9620A0A63481D9A0E00
Appeals adjourned on the appellants' request · List the appeals on 6 September 2023
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022; order dated 10 August 2023 adjourned the matters and listed them on 6 September 2023
SAT matter SATV-1D58F2BAB44C0CF991FA4397
Matter adjourned on the appellant's request · List on 27 August 2021
Appeal: Appeal Nos. 442, 385, 386, 443, 98, 99, 427, 428, 429 and 430 of 2020/2021; adjourned on 13 July 2021 and listed for 27 August 2021
SAT matter SATV-1EA8E4869CE09D91E07D7E53
Matters adjourned due to non-availability of the bench · Appeals listed for 3 April 2024
Appeal: Appeal Nos. 98 of 2021, 99 of 2021, 427 of 2021, 428 of 2021, 429 of 2021, 430 of 2021 and 620 of 2022 were adjourned on 6 February 2024 and listed for 3 April 2024
SAT matter SATV-1ABB4DBBB73F1F4F920869CF
All listed appeals and miscellaneous applications were directed to be listed on 9 January 2023. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 and 620 of 2021 were pending and listed for 9 January 2023; no disposal on merits stated.
SAT matter SATV-27CF0270A2BD7084FF52B1AC
Matter adjourned on the appellants' request. · Appeals listed for 5 April 2022.
Appeal: Appeal Nos. 99 of 2021, 98 of 2021, 427 of 2021, 428 of 2021, 429 of 2021 and 430 of 2021 were adjourned on 28 February 2022 and listed for 5 April 2022.
SAT matter SATV-25D02F1EE29C7C07C2433A30
Appeals adjourned on request of appellants' counsel. · Matters listed for 17 April 2023.
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 3 March 2023; listed for 17 April 2023.
SAT matter SATV-14DB1B8CE9378B3600C3CDBC
Appeals adjourned on the appellants' request · Matters listed for 10 June 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021; adjourned on 5 May 2022 and listed for 10 June 2022
SAT matter SATV-23EA73FEE853EFF828640C03
Appeals adjourned on the appellants' request. · Matters listed for hearing on 24 January 2022.
Appeal: Appeal Nos. 442, 385, 386, 443, 98, 99, 427, 428, 429 and 430 of 2020/2021 were adjourned on 13 December 2021 and listed for 24 January 2022; no disposal on merits.
SAT matter SATV-258428F6F32E4BE74D79F1DE
Appeals adjourned on the appellants' request · Matters listed for 17 April 2023
Appeal: Appeal Nos. 99, 98, 427, 428, 429, 430 of 2021 and 620 of 2022; adjourned on 3 March 2023 and listed for 17 April 2023
SAT matter SATV-345CCB5CC105C917534297CE
Adjourned on the appellants' request · Listed for hearing on 5 May 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021; adjourned on 5 April 2022 and listed on 5 May 2022
SAT matter SATV-2DB484D135B724CD8D935C05
Adjourned on the respondent's request · List the appeals on 21 October 2022
Appeal: Appeal Nos. 99 and 98 of 2021 by Sham Sadhuram Gandhi, Appeal Nos. 427 and 428 of 2021 by Mohammad Rafi and another, and Appeal Nos. 429 and 430 of 2021 by Roma Shamshad; adjourned on 14 September 2022 and listed for 21 October 2022
SAT matter SATV-31E284862A23C54B83A61FE8
Adjourned due to non-availability of the bench · Matters listed on 10 June 2024
Appeal: Appeal Nos. 98, 99, 427, 428, 429, and 430 of 2021, and Appeal No. 620 of 2022; adjourned on 3 April 2024 and listed on 10 June 2024
SAT matter SATV-186085BBED1624962D6AE32B
Adjourned on request of learned counsel for appellants · List on April 5, 2022
Appeal: Appeal Nos. 99, 98, 427, 428, 429, 430 of 2021 adjourned, listed on April 5, 2022
SAT matter SATV-4216E84F8F62CC4AF1F5BDCF
Three weeks' time granted to some appellants to file rejoinder · Matters listed for 8 November 2021
Appeal: Appeal Nos. 442, 385, 386, 443 of 2020 and 98, 99, 427, 428, 429 and 430 of 2021 were pending; rejoinder time granted and matters listed on 8 November 2021
SAT matter SATV-2A01B0F5186367B6765B047B
List Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 on 3 March 2023. · Parties to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were pending and adjourned for listing on 3 March 2023.
SAT matter SATV-461306856D45C738B9F2B83D
Matters adjourned on appellants' counsel's request · List the matters on 1 October 2021
Appeal: Appeal Nos. 99/2021, 98/2021, 385/2020, 386/2020, 442/2020, 443/2020, 427/2021, 428/2021, 429/2021 and 430/2021 were adjourned; listed on 1 October 2021
SAT matter SATV-3CABE73EDCA49E3B6CCBF020
Appeals adjourned on the appellants' request · Matters listed for 28 July 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 were adjourned on 23 June 2022 and listed for 28 July 2022; no disposal recorded.
SAT matter SATV-3833B5B9EEBD3B8FC449135C
List the connected appeals on 27 February 2023 · Parties to act on the digitally signed copy of the order
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were listed for further hearing on 27 February 2023; no disposal on merits stated.
SAT matter SATV-3F6E93BF8C0A166BB27B389F
Matters adjourned on appellants' request · Appeals listed for hearing on 17 April 2023
Appeal: Appeal Nos. 99, 98, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 3 March 2023 and listed for 17 April 2023; no disposal on merits stated.
SAT matter SATV-3A7B15B89299D28247CDA77E
Appeals adjourned on the appellants' request. · Matter listed for 23 June 2022.
Appeal: Appeal Nos. 98 and 99 of 2021 (Sham Sadhuram Gandhi), Appeal Nos. 427 and 428 of 2021 (Mohammad Rafi & Anr.), and Appeal Nos. 429 and 430 of 2021 (Roma Shamshad Khan) adjourned on 10 June 2022; next listing on 23 June 2022.
Fraudulent forging/counterfeiting/consolidation of 93% public shareholding of Finalysis Credit & Guarantee and off-market sale below market price; buyers dealt with knowledge of forgery.
WTM 05.05.2020: 5-year market access ban on noticee 1,2,4,5,6,8 · WTM: 5-year director/KMP ban on noticee 2,4,5,6,8 in listed company/intermediary
Appeal: SAT Appeals No.98,99,427,428,429,430 of 2021 and 620 of 2022 heard 11.06.2024, decided 09.08.2024 together
SAT matter SATV-31F4B5EA8299585CA205904F
Appeals adjourned on the request of the appellants' counsel · Matters listed on August 30, 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021; adjourned on 28 July 2022 and listed on 30 August 2022
SAT matter SATV-4CB3E9CBE9921F18AB79F40C
Appeals adjourned due to non-availability of the bench · Listed on 26 April 2023
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 17 April 2023 and listed on 26 April 2023
Forging/counterfeiting 93% public shareholding of Finalysis Credit & Guarantee Co. Ltd after relisting and fraudulent off-market sale below market price
WTM 5 May 2020: noticees 1,2,4,5,6,8 barred 5 years from securities market · WTM: noticees 2,4,5,6,8 barred 5 years from director/KMP posts in listed company/intermediary
Appeal: Appeal Nos. 98,99,427,428,429,430 of 2021 and 620 of 2022 heard 11.06.2024, decided 09.08.2024 - common order
SAT matter SATV-343C5E7BB3F7CE357C0B7BD8
Matter adjourned on appellants' counsel's request. · List the appeals on 5 April 2022.
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 were adjourned on 28 February 2022 and listed for 5 April 2022.
SAT matter SATV-4163ED9830181D6F272204F9
Matter adjourned on the request of the parties · List the appeals on 10 August 2023
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 4 July 2023 and listed for 10 August 2023; no disposal on merits.
SAT matter SATV-A2824658879CE64345575512
Adjourned on request of learned counsel for respondent SEBI · List on October 21, 2022
Appeal: Appeal Nos. 99, 98, 427, 428, 429, 430 of 2021 pending before SAT; adjourned vide order dated 14.09.2022 to October 21, 2022
SAT matter SATV-4742EB793A8D7ABB778B814F
Matter adjourned on the appellants' request · List the matters on 24 January 2022
Appeal: Appeal Nos. 442, 385, 386, 443, 98, 99, 427, 428, 429 and 430 of 2020-2021 were adjourned and listed on 24 January 2022; no merits disposal
SAT matter SATV-51FCD911A0AD3F1E39894FF9
Orders reserved in the connected appeals
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022 heard; order reserved on 11 June 2024
SAT matter SATV-459BA8BE78ADEFCD5A4D17BE
Appeals connected with Appeal No. 442 of 2020 · List the matters on 13 July 2021
Appeal: Appeal Nos. 427, 428, 429 and 430 of 2021; order dated 29 June 2021 condoned filing delay and directed listing on 13 July 2021; matters were not finally disposed
SAT matter SATV-481F471045EAF6CA24953840
Appeals adjourned on appellants' counsel's request · Appeals listed for hearing on 17 April 2023
Appeal: Appeal Nos. 99/2021, 98/2021, 427/2021, 428/2021, 429/2021, 430/2021 and 620/2022 were adjourned on 3 March 2023 and listed for 17 April 2023; no disposal on merits stated.
SAT matter SATV-B9C64452161615C0A2785782
Adjourned on request of learned counsel for the appellant · List on May 5, 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 adjourned on 05.04.2022; listed on May 5, 2022, not disposed
Fraudulent forging/counterfeiting of 93% public shareholding of Finalysis Credit & Guarantee Co Ltd and off-market sale below market price after relisting.
5-year market access ban on noticees 1,2,4,5,6,8 with ban on dealing in securities · 5-year ban on holding director/KMP posts in listed company/intermediary for 2,4,5,6,8
Appeal: Appeal Nos 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 heard 11.06.2024, decided 09.08.2024; pending disposal on merits in excerpt
SAT matter SATV-CB672C3821184D9371DFC908
Adjourned on request of the appellant · List on 10 June 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 adjourned; next listing 10 June 2022; order dated 5 May 2022
SAT matter SATV-4AF09DE1CFD4AB198BD87BA2
Applicants sought time; matter was adjourned and directed to be listed on 13 December 2024.
Appeal: Review Application No. 25 of 2024 in Appeal No. 427 of 2021; on 11 December 2024, applicants sought time and the matter was listed for 13 December 2024.
SAT matter SATV-50780EA50426F0DC92DE1C34
Three weeks allowed to some appellants to file rejoinders · List the matters on 8 November 2021
Appeal: Appeal Nos. 442, 385, 386, 443 of 2020; 98, 99, 427, 428, 429 and 430 of 2021 were pending and listed for 8 November 2021; no disposal on merits
Fraudulent forging/counterfeiting/consolidation of ~93% public shares of Finalysis Credit & Guarantee Co. Ltd and off-market sale below market price after relisting.
5-year market access and dealing ban on noticees 1,2,4,5,6,8 · 5-year director/KMP ban for noticees 2,4,5,6,8
SAT matter SATV-451414DE68D83725F2A66403
Appeals adjourned on the appellants' request · Matters listed for 5 April 2022
Appeal: Appeal Nos. 99 of 2021, 98 of 2021, 427 of 2021, 428 of 2021, 429 of 2021 and 430 of 2021; order dated 28 February 2022 adjourned the matters to 5 April 2022
SAT matter SATV-55A627BB632F46A708C8D82A
Appeals adjourned due to non-availability of the Bench · Matter listed on 06 February 2024
Appeal: Appeal Nos. 98 and 99 of 2021, 427 to 430 of 2021, and 620 of 2022 were adjourned on 03 January 2024; listed on 06 February 2024
SAT matter SATV-5EB1505CE508A30B701D0501
Applicants' request for time was granted; matter directed to be called on 13 December 2024.
Appeal: Review Application No. 26 of 2024 in Appeal No. 428 of 2021; order dated 11 December 2024 adjourned the matter to 13 December 2024.
Alleged conspiracy to forge/counterfeit and consolidate public shareholders’ shares and sell them offline, along with disclosure and takeover-reporting violations.
WTM directions under challenge included 3- or 5-year securities-market restraints and liquidating specified shareholdings. · WTM directed certain noticees to disgorge specified amounts with 12% annual interest.
Appeal: Appeals 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022; heard 11 June 2024 and decided 9 August 2024. Extract does not state final disposition.
SAT matter SATV-4AFD3C71F297B3087352C5B6
Matters adjourned on the appellants' request · List all matters on 24 January 2022
Appeal: Appeal Nos. 442, 385, 386, 443, 98, 99, 427, 428, 429 and 430 of 2020/2021 were adjourned and listed on 24 January 2022; no disposal on merits
SAT matter SATV-56CB27EF2B66CDF6C7E9042C
Three weeks granted to the appellant to file rejoinder · Matters listed for 29 November 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021, and Appeal No. 620 of 2022, were pending; listed for 29 November 2022.
SAT matter SATV-5A3054C0DC9A369DF5C2BC99
Appeals adjourned on the request of the appellants' counsel · List the appeals on 5 May 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 were adjourned on 5 April 2022 and listed for 5 May 2022; no final disposal stated
SAT matter SATV-5DFD579306F754C1BDE791EC
Adjourned due to non-availability of the Bench · Matters listed on 06 February 2024
Appeal: Appeal Nos. 98, 99, 427, 428, 429, 430 of 2021 and 620 of 2022 were adjourned on 03 January 2024 and listed for 06 February 2024; no disposal on merits.
SAT matter SATV-789E115CAA774A244D4D7533
Matter adjourned at the request of the appellants · List the appeals on 5 April 2022
Appeal: Appeal Nos. 98, 99, 427, 428, 429 and 430 of 2021 were adjourned on 28 February 2022 and listed on 5 April 2022
SAT matter SATV-7382B0E296E6FA3EB2B1FE68
Matters adjourned on the appellants' counsel's request · List all matters on 1 October 2021
Appeal: Appeal Nos. 99 and 98 of 2021, 385, 386, 442 and 443 of 2020, 427, 428, 429 and 430 of 2021 were adjourned on 27 August 2021 and listed for 1 October 2021

Other

SAT matter SATV-E376FF605C98C145708CA6FE
Review Application No. 25 of 2024 dismissed for no merit · Pending interlocutory application(s) disposed of with no costs
Appeal: Review Application No. 25 of 2024 in Appeal No. 427 of 2021 seeking review of SAT order dated 09.08.2024 dismissed on 16.12.2024

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Source: SecMarx — Mohammad Rafi. 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.