Morgan Credits Private Limited

2 matters before the Securities Appellate Tribunal

SAT-appeal

Promoters allegedly encumbered Yes Bank shares via ZCNCD debenture trust deeds with cover/borrowing covenants and failed to disclose to company/exchanges; Rana Kapoor separately charged under LODR for guarantee to Morgan transaction.
Appeal: Appeal No.218 of 2020 and Appeal No.461 of 2020, Order Reserved 13.5.2021, Date of Decision 18.6.2021
Promoters allegedly created encumbrances on Yes Bank shares via unlisted Zero Coupon NCDs with cover-ratio/borrowing-cap covenants and failed to disclose to company/exchanges within 7 days.

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Source: SecMarx — Morgan Credits 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.