Mr. Balvir Singh

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellant company and directors restrained from operating schemes
Appellant company and directors barred from accessing securities market directly or indirectly for 10 years

SAT-appeal

SAT matter SATV-6712E3597AEA0529803A3373
Impugned AO order dated 22 February 2022 quashed, appeal allowed · Matter remitted to AO to pass fresh order in accordance with law after SCN and hearing
Appeal: Appeal No. 1026 of 2022 allowed on 04.01.2023, AO order quashed and remanded
Illegal offer and allotment of redeemable preference shares by Alchemist Holdings Ltd as deemed public issue in violation of Section 73(2) Companies Act, 1956
Delay in filing Appeal No. 584 of 2023 condoned · Appeal dismissed; no error found in WTM order dated 20 March 2023
Appeal: Appeal No. 584 of 2023 with Misc. Application No. 768 of 2023 dismissed on 11.07.2023 after condoning delay
Operating unregistered collective investment schemes and mobilising funds in violation of SEBI chairman order dated 6 Dec 2002, failing to wind-up and refund per Regulation 73.
Appeal No.139 of 2008 dismissed, WTM order upheld · Appellant company and directors restrained from operating schemes
Appeal: Appeal No.139 of 2008 dismissed on 24 February 2010; Writ Petition No.188 of 2003 dismissed 26 July 2004; Supreme Court civil appeal pending with no stay

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Source: SecMarx — Mr. Balvir Singh. 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.