Monnet Ispat & Energy Limited

SAT-appeal

• SAT matter SATV-1BF6172FEFBA0D2DDD5ECCA9
  Miscellaneous Application No. 9 of 2017 was allowed to be withdrawn · Applicant permitted to file a substantive appeal
  Appeal: Miscellaneous Application No. 9 of 2017 in Appeal No. 278 of 2014 withdrawn on 13 January 2017; applicant proposed filing a substantive appeal
• Whether SEBI was justified in initiating proceedings and passing penalty order after Resolution Plan approval under IBC Section 31 read with Sections 32A and 238
  Effect and operation of impugned penalty order stayed qua appellant till further orders · Respondent to file reply within four weeks; appellant rejoinder three weeks thereafter
  Appeal: Appeal Lodging No. 237 of 2020; interim stay granted on 19.08.2020 till further orders; pending for admission and final disposal on 07.10.2020
• Failure to make required disclosures for non-convertible debenture securities issued in 2013-14 under LODR Regulations 52(4) and 54(2).
  Show cause notice dated 18 October 2019 held unsustainable for pre-acquisition period · Impugned AO order dated 26 June 2020 imposing penalty could not be passed and set aside
  Appeal: Appeal No.238 of 2020 reserved on 22.10.2020 and decided on 29.10.2020
• SAT matter SATV-C879C2E62368914A45123B30
  List matter for final hearing on October 22, 2020 · Parties may file brief written submissions in the meanwhile
  Appeal: Appeal No. 238 of 2020 pending; listed for final hearing on October 22, 2020