Mr. D. Sundararajan

SAT-appeal

• SAT matter SATV-011F934BCE4AF34CA110943D
  Applications and appeals adjourned on the appellants' counsel's request · Matters listed for 25 April 2023
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 were adjourned on 21 March 2023 and listed for 25 April 2023.
• SAT matter SATV-12EE8370C4C6537AD2F9C157
  List all matters on 6 February 2023 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 were listed for further hearing on 6 February 2023; no disposal on merits stated.
• SAT matter SATV-13EB6250F4FD47464C9F6CD7
  Matters listed for admission and final disposal on 9 September 2022 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 were pending; listed for admission and final disposal on 9 September 2022
• Alleged fraudulent issuance of GDRs by Cals Refineries Ltd., including a false impression that the GDRs were subscribed by Honor Finance Limited.
  Impugned AO penalty order dated 24 December 2021 quashed. · All appeals allowed with no order as to costs.
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 allowed by SAT on 18 May 2023; common AO order dated 24 December 2021 quashed.
• SAT matter SATV-17EC351E816AA39C7ACF7F9A
  All matters listed on 6 February 2023
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 were listed before SAT on 9 January 2023; adjourned to 6 February 2023
• SAT matter SATV-1A32CD7C8C4D713DCDD49186
  Appeals adjourned on the appellants' request · List the matters on 18 May 2023
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 were adjourned on 25 April 2023 and listed for 18 May 2023; no disposal stated
• Alleged fraudulent issuance of Cals Refineries Ltd.'s GDRs, creating a false impression that Honor Finance Limited subscribed to the GDRs; penalties were imposed on the noticees.
  Impugned AO order dated 24 December 2021 quashed. · Appeals allowed with no order as to costs.
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 allowed and disposed of by SAT on 18 May 2023.
• Alleged fraudulent issuance of Cals Refineries Ltd.'s GDRs, creating a false impression that Honor Finance Limited subscribed to the GDRs; penalties were imposed for the same conduct previously addressed in debarment proceedings.
  Impugned AO order dated 24 December 2021 quashed. · Appeals allowed with no order as to costs.
  Appeal: Appeal Nos. 119, 152, 216, 217 and 218 of 2022 allowed by SAT on 18 May 2023; impugned AO order quashed.
• SAT matter SATV-20DCB09D0E1B73A484488A24
  List the appeals on 21 March 2023
  Appeal: Appeal Nos. 119 of 2022, 152 of 2022, 216 of 2022, 217 of 2022 and 218 of 2022 were listed for 21 March 2023; no disposal on merits stated.
• Fraudulent issuance of GDRs by Cals Refineries Ltd. in December 2007 with false impression of subscription by Honor Finance Limited.
  Impugned AO order dated 24 December 2021 quashed · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 allowed on 18.05.2023; Misc. Applications 350, 357, 643, 1208 of 2022 disposed of
• SAT matter SATV-32A48A8CEE673C9194048EC1
  SEBI was granted two additional weeks to file its reply. · Appellants may file rejoinder within two weeks thereafter.
  Appeal: Appeal Nos. 119 of 2022 and 152 of 2022 were pending; listed for admission and final disposal on 1 July 2022.
• SAT matter SATV-7DBEDD28B134B5AA7ACCF1A0
  List on 6th February, 2023 · Parties directed to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal Nos. 119 of 2022, 152 of 2022, 216 of 2022, 217 of 2022, 218 of 2022 pending; next listing 6 February 2023
• SAT matter SATV-96CFE0F7CF20229A16A1DE04
  Three weeks time allowed to the appellant to file rejoinder · Matter listed on 2nd August, 2022
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 with Misc. Applications 350, 357, 643 of 2022 pending; adjourned to 2 August 2022 for rejoinder vide order dated 1 July 2022
• SAT matter SATV-B5312BE05756DAC30B95D211
  Adjourned on request of learned counsel for the appellant · List on October 14, 2022
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 with Misc. Applications 350, 357, 643 of 2022 adjourned, next date October 14, 2022
• SAT matter SATV-D5C69AAF9858245E614214D8
  List all connected appeals on 9 January 2023 · Parties to act on digitally signed copy of order
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 with Misc Applications Nos. 350, 357, 643, 1208 of 2022 pending before SAT; adjourned to 9 January 2023
• Fraudulent funding and subscription of USD 200 mn GDR issue, false announcement of successful subscription and failure to disclose related party transaction.
  WTM order 23 Oct 2013: Cals barred from issuing equity or convertible instruments for 10 years · WTM order 31 Dec 2014: appellant directors barred from accessing capital market and dealing in securities for 10 years
• SAT matter SATV-F52CAACE777E75F9AD7A1710
  List matters on 6th February, 2023
  Appeal: Appeals 119, 152, 216, 217, 218 of 2022 pending; listed next on 6 February 2023, no disposal
• SAT matter SATV-7597D640C07508BC494B1C36
  Appeals could not be taken up for hearing due to paucity of time · List all appeals on November 22, 2022 as agreed between parties
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 with Misc. Application Nos. 350, 357, 643, 1208 of 2022 adjourned on 14.10.2022; listed on November 22, 2022
• SAT matter SATV-915DEBA6284EF4F486525F18
  List on 6th February, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 pending; adjourned to 6 February 2023
• SAT matter SATV-929DC03D209D9598E1DCD16B
  Two weeks further time to respondent SEBI to file reply, rejoinder within two weeks thereafter · Misc. Application No. 350 of 2022 disposed allowing deposit by May 25, 2022
  Appeal: Appeal No. 119 of 2022 and Appeal No. 152 of 2022 pending; Misc. Application No. 350 of 2022 disposed; listed for admission and final disposal on July 1, 2022
• Fraudulent GDR issuance by Cals Refineries Ltd in December 2007 giving false impression of subscription by Honor Finance Limited.
  Impugned AO order dated 24 December 2021 quashed · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 119, 152, 216, 217, 218 of 2022 decided 18.05.2023 - allowed, AO penalty order quashed
• Fraudulent arrangement for subscription of Cals USD 200M GDR issue with false announcement of successful subscription and failure to disclose related party transaction
  WTM order 23/10/2013: Cals barred from issuing equity shares or instruments convertible into equity for 10 years · WTM order 31/12/2014: directors barred from accessing capital market and dealing in securities for 10 years
  Appeal: Appeal Nos. 4 of 2014, 141, 155 and 220 of 2015 heard together and disposed by common SAT decision dated 12/10/2017 (reserved 15/09/2017)
• Fraudulent arrangement for subscription of USD 200 million GDR issue of Cals, false announcements of successful subscription and non-disclosure of related party transaction in violation of Companies Act Sec 77(2), SEBI Act and regulations.
  WTM order 23/10/2013: Cals not to issue equity shares or instruments convertible into equity for 10 years · WTM order 31/12/2014: Directors prohibited from accessing capital market and dealing in securities for 10 years
  Appeal: Appeal No.4 of 2014 with Appeal Nos.141,155,220 of 2015 against WTM orders dated 23/10/2013 and 31/12/2014; reserved on 15/09/2017, decided 12/10/2017 by common order
• Fraudulent arrangement for subscription of Cals USD 200 mn GDR issue, false announcement of successful subscription and failure to disclose related-party transaction in violation of Companies Act Sec 77(2), SEBI Act and regulations.
  Cals not to issue equity shares or instruments convertible into equity for 10 years per WTM order 23 Oct 2013 · Directors barred from accessing capital market and dealing in securities for 10 years per WTM order 31 Dec 2014