Monika Garware

SAT-appeal

• SAT matter SATV-06AC5F6751B5D1C23C90FF3C
  Order reserved after hearing the parties · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 187 to 192 of 2021 heard by SAT on 30 July 2021; order reserved. No disposal outcome stated in the text.
• Alleged violation of disclosure obligations through a creeping acquisition.
  Connected Appeals Nos. 187 to 192 of 2021. · No realization of the penalty amount pursuant to the impugned order until the next date of listing.
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 admitted for further proceedings; listed on 22 June 2021. No final disposal stated.
• Alleged creeping acquisition made approximately nine years earlier in violation of applicable disclosure obligations.
  Connected Appeals Nos. 187 to 192 of 2021. · No realization of the penalty amount pursuant to the impugned order until the next date of listing.
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard at admission stage; respondent reply and appellants' rejoinder directed; listed for 22 June 2021.
• Delayed disclosure of acquisitions and changes in shareholding by promoters/directors, and delayed company disclosures to stock exchanges. Required disclosures were allegedly delayed by 27 to 193 days.
  All six appeals were allowed. · SEBI AO penalty orders dated 15 January 2021 were quashed.
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed by SAT on 9 August 2021; impugned AO orders and show cause notice quashed.
• Alleged creeping acquisition in violation of applicable disclosure obligations.
  Connected Appeals Nos. 187 to 192 of 2021. · No realization of the penalty amount under the impugned order until the next date of listing.
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard together at admission stage; interim protection granted and matters listed for 22 June 2021.
• Creeping acquisition in violation of disclosure obligations, rectified and intimated to stock exchange on October 18 and 23, 2012.
  Respondent to file reply in three weeks, rejoinder three weeks thereafter · List on June 22, 2021
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 admitted on 23.04.2021; pending; interim stay on penalty recovery; next date June 22, 2021
• SAT matter SATV-9F12941D3B32CB0E9FE7035C
  Heard counsel for parties through video conference; order reserved · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard on 30.07.2021; order reserved
• Delay of 27 to 193 days by promoters/directors and company in disclosing changes in shareholding of Garware Polyester to company/stock exchanges.
  Show cause notice dated July 16, 2020 quashed · Separate Adjudicating Officer orders dated January 15, 2021 quashed
  Appeal: Appeal Nos. 187-192 of 2021 allowed by SAT on 09.08.2021 (reserved on 30.07.2021); SCN and AO orders quashed
• Delay of 27 to 193 days by promoters/directors and company in disclosing changes in shareholding/acquisitions exceeding Rs 5 lakh to company and stock exchanges under PIT Regs 13(4)-13(6).
  Show cause notice dated July 16, 2020 quashed · Adjudicating Officer penalty orders dated January 15, 2021 quashed
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed and disposed on 09.08.2021
• SAT matter SATV-DB3C687C75D4947D4342BAC4
  Hearing concluded via video conference and order reserved · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard on 30.07.2021; order reserved
• Creeping acquisition in violation of disclosure obligations, voluntarily rectified and reported to stock exchange in October 2012
  No realization of penalty amount under impugned order till next date of listing · Respondent to file reply within three weeks; appellants to file rejoinder three weeks thereafter
  Appeal: Appeal Nos. 187-192 of 2021 against common SEBI order; at admission stage, pending with interim stay on penalty recovery till next listing
• Alleged creeping acquisition in violation of disclosure obligations made over 9 years ago.
  Six appeals taken up together at admission stage against common order · No realization of penalty amount pursuant to impugned order till next date of listing
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 pending at admission stage; interim stay on penalty recovery till next listing on 22 June 2021
• Promoters/directors delayed disclosures of share acquisitions exceeding Rs 5 lakh to company and exchange, and company delayed disclosure to exchange, with delays of 27 to 193 days.
  Adjudicating Officer penalty orders dated January 15, 2021 quashed · Show cause notice dated July 16, 2020 quashed
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 decided on 09.08.2021 - allowed, impugned AO orders and SCN quashed
• SAT matter SATV-80308BFBE8FCBAEB06526BF6
  Order reserved after hearing parties via video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard on 30.07.2021; order reserved
• SAT matter SATV-993303B1929780A1E7A2C930
  Order reserved after hearing parties through video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 187-192 of 2021 heard on 30.07.2021, order reserved
• Delay of 27 to 193 days in disclosures by promoters/directors and company to company/stock exchanges for share acquisitions exceeding Rs. 5 lakh from April 10, 2012 to September 26, 2012.
  Show cause notice dated July 16, 2020 and impugned AO orders quashed on ground of inordinate delay · All Appeal Nos. 187 to 192 of 2021 allowed with no order as to costs
  Appeal: Appeal Nos. 187 to 192 of 2021 allowed by SAT decision dated 09.08.2021 (reserved on 30.07.2021)
• Delay of 27 to 193 days in disclosures by promoters/directors and company to company/stock exchanges for acquisitions in Garware Polyester Ltd shares.
  Show cause notice dated July 16, 2020 quashed · Separate AO penalty orders dated January 15, 2021 quashed
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed by SAT on 09.08.2021 (reserved 30.07.2021)
• SAT matter SATV-CB0A32D148EBEC70661BE4C0
  Three weeks time allowed to appellant to file rejoinder · List on July 30, 2021
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 pending before SAT; adjourned to July 30, 2021 with interim extended
• SAT matter SATV-E5AF75DD7849912DC3BD8536
  Heard counsels through video conference, order reserved
  Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 heard on 30.07.2021, order reserved