Motorol Enterprises Ltd.
Penalties and directions recorded
- Dismissed both appeals on merits, upheld adjudication penalties
- Adjudication penalties upheld as lenient and reasonable
- Penalties upheld with no order as to costs
SAT-appeal
- Failure to redress investors grievances (80 complaints in 2004-05; 114 complaints in 2008-11) within SEBI time and failure to furnish information/status report.Condoned delay of 1036 days in Appeal 59 and 3182 days in Appeal 60 · Dismissed both appeals on merits, upheld adjudication penaltiesAppeal: Appeal Nos. 59 of 2014 and 60 of 2014 with Misc. Appl. 42-43 of 2014 heard and dismissed on 10.06.2014
- Failure to redress 80 investor complaints pending over 6 months in 2004 rising to 114 complaints in 2008 re non-receipt of shares/dividend and failure to furnish replies/status reports.Delay of 1036 days in Appeal 59 and 3182 days in Appeal 60 condoned · Both appeals heard together and dismissed on merit on 10.06.2014Appeal: Appeal Nos. 59 and 60 of 2014 with Misc. Applications 42 and 43 of 2014 dismissed by SAT on 10.06.2014
- Failure to redress 80 (2004-05) and 114 (2008-11) investor grievances on transfer/dividend within SEBI time and failure to furnish information/replyDelay of 1036 days (Appeal 59) and 3182 days (Appeal 60) condoned · Appeal No. 59 of 2014 and Appeal No. 60 of 2014 dismissed on meritsAppeal: Appeal Nos. 59/2014 and 60/2014 with Misc. Appl. 42-43/2014 disposed/dismissed by SAT on 10.06.2014; no further appeal mentioned
Source: SecMarx — Motorol Enterprises Ltd.. 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.