Girishchandra Mukundram Baluni

SAT-appeal

• SAT matter SATV-05EC656FF70F905507989583
  List the matters on 8 September 2021. · Parties to contact the Registrar 48 hours before the listed date regarding video-conference or physical hearing.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed; the matters were adjourned to 8 September 2021.
• Issuance of optionally convertible debentures to 156 entities in 2012-13 and 2013-14, allegedly constituting an unlawful public issue in violation of Section 67 of the Companies Act and applicable ICDR requirements.
  Appeals challenging SEBI WTM order dated 7 April 2020 were heard; the extracted text does not state the final operative disposal directions. · Restriction from accessing the securities market and associating with listed public companies was imposed by the challenged order until four years after completion of investor refunds.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 heard together; decision dated 17 June 2022. Final disposal outcome is not included in the extracted text.
• Issuance of optionally convertible debentures to 156 entities, allegedly amounting to a public issue without complying with the Companies Act and ICDR Regulations; directors were alleged to be officers in default.
  Appeals challenged the WTM order restraining appellants from accessing the securities market. · Restriction also barred association with listed public companies until four years after completion of refunds to OCD investors.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 decided by SAT on 17 June 2022; connected stay and delay applications considered.
• SAT matter SATV-27C6D3A23C78AFDB2A99C605
  All matters listed for 8 September 2021 · Parties directed to contact the Registrar 48 hours before the hearing date regarding video conferencing or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed; no disposal on merits recorded.
• SAT matter SATV-220A9FCB74EEEF35196EB457
  List the matters on 8 September 2021 · Parties to contact the Registrar 48 hours before the hearing date regarding video or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 were listed for further hearing on 8 September 2021; no disposal on merits stated.
• Issuance of optionally convertible debentures to 156 entities in financial years 2012-13 and 2013-14, allegedly constituting a public issue without complying with applicable Companies Act and ICDR requirements.
  Appeals challenged the WTM order restraining appellants from accessing the securities market. · Appellants were restrained from associating with listed public companies until four years after completion of investor refunds.
  Appeal: SAT heard and decided Appeal Nos. 569 of 2020, 139 of 2021 and 197 of 2021 on 17 June 2022; the extract also identifies Appeal No. 397 of 2021.
• Issuance of optionally convertible debentures to 156 entities, allegedly constituting a public issue without complying with applicable Companies Act and ICDR requirements.
  Appeals challenge the WTM order restraining appellants from accessing the securities market and associating with listed public companies. · Neesa required to refund amounts collected through the OCDs; market restraint continued until four years after completion of refunds.
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021 and 197 of 2021; decided by SAT on 17 June 2022. Appeal No. 397 of 2021 also heard in the common matter.
• SAT matter SATV-26D9E267A94D78E7759C6A4B
  Delay condoned in Appeal No. 139 of 2021 via Misc. Application No. 162 of 2021 · Arguments heard; order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 before SAT; delay condoned and order reserved on 04.04.2022
• Penalty imposed allegedly based on board minutes relating to NCD issuance while dispute concerns OCD issuance
  Delay condoned; Misc. Application No. 590 of 2020 allowed · Respondent SEBI to file reply
• SAT matter SATV-512D4EEC2378277138AAE393
  Bench not available - List all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
• SAT matter SATV-5DE98A8D39F42E619634857D
  Adjourned and listed on February 14, 2022 as arguing counsel unwell · Parties to seek instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 adjourned to 14.02.2022, no disposal on merits
• SAT matter SATV-83C14D0BCC2F79329E453B0A
  Three weeks further time granted to file rejoinder in three appeals where not filed · All matters listed on 4 April 2022; delay application in one appeal to be considered then
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. 165/2021, 162/2021 pending before SAT; listed on 4 April 2022
• SAT matter SATV-8B0E4DFB8D9817323A1432BB
  Delay in filing Appeal No. 139 of 2021 condoned; Misc. Application No. 162 of 2021 allowed · Heard counsel for parties; order reserved
  Appeal: Misc. App. No. 165/2021 and Appeal No. 569/2020, Misc. App. 162/2021 and Appeal 139/2021, Appeals 197/2021, 397/2021 heard on 04.04.2022; delay condoned, order reserved
• SAT matter SATV-8FAA00AF5BC6398A06A22BAA
  List Appeal No. 569 of 2020 on May 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal No. 569 of 2020 with Misc. Application No. 165 of 2021 (Stay Application) pending; listed on May 6, 2021, no disposal or stay recorded
• SAT matter SATV-8A439816A55439967ABC62F5
  Three weeks further time allowed to file rejoinder where not filed in three appeals · All matters listed on 4 April 2022
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. Nos. 165/2021, 162/2021 pending; adjourned to 4 April 2022; delay application deferred
• SAT matter SATV-A4C80C66D49B898C31E6DEA4
  Bench not available, list matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Appl. 165 of 2021, 162 of 2021 adjourned to December 6, 2021
• SAT matter SATV-A0792FFCFEE4711C74A4ACC3
  Delay in filing Appeal No. 139 of 2021 condoned; Misc. Application No. 162 of 2021 allowed · Heard parties; order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021 and 397 of 2021 pending; order reserved on 04.04.2022; delay in Appeal No. 139 of 2021 condoned
• SAT matter SATV-B24EC26D53B016DBD581937D
  Rejoinder not filed in three appeals; three weeks further time granted to file rejoinder · Matter listed on 4th April, 2022
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Applications 165/2021, 162/2021 pending before SAT; adjourned, not disposed
• SAT matter SATV-CF3727FCF0C5C444309C6DE0
  Bench not available; list all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Applications 165/2021, 162/2021 (Stay) pending; adjourned to 06.12.2021 with no disposal on 08.10.2021
• SAT matter SATV-DD91A264E6B978497248B095
  Delay in filing Appeal No. 139 of 2021 condoned and Misc. Application No. 162 of 2021 allowed · Heard counsel for parties in connected appeals and order reserved
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 before SAT heard on 04.04.2022; order reserved; delay in 139 of 2021 condoned
• SAT matter SATV-D5DC8D6DC1E11EB2E393CE44
  Allowed three weeks further time to file rejoinder where not filed in three appeals · Listed matters on 4 April 2022
• SAT matter SATV-E76BA25B95507238A57687EE
  Three weeks further time allowed to file rejoinder in three appeals where not filed · List all matters on 4th April, 2022
• SAT matter SATV-EE6F421A69315F3536F0F59B
  List matter on February 14, 2022 as arguing counsel is unwell · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 and 162 of 2021 pending, adjourned to 14.02.2022
• Liability as current director to ensure refund of amounts collected by Neesa Technologies Ltd to investors
  Impugned WTM order dated 20 September 2017 quashed and set aside qua the appellant · Direction to ensure refund of amounts collected by Neesa Technologies Ltd held unsustainable against appellant
  Appeal: Appeal No. 340 of 2017 allowed on 20.4.2018
• SAT matter SATV-67D3DF3C603CA511A492B535
  Adjourned and listed on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 pending; adjourned to 14.02.2022
• SAT matter SATV-794A20C401CC52EBB3AE7203
  List Appeal No.569 of 2020 on 19 March 2021 · Parties to contact Registrar 48 hours before fixed date to confirm VC or physical hearing
  Appeal: Appeal No.569 of 2020 with Misc. Application No.165 of 2021 pending before SAT; adjourned to 19 March 2021 vide order dated 5.3.2021; no final disposal
• SAT matter SATV-737EA9EC60890B6352E0B3FF
  Bench not available - list all matters on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021 and 162 of 2021 pending before SAT; adjourned to 6 December 2021
• SAT matter SATV-B02CBED3EDDD9953DCF44FA2
  Bench not available, matters listed on December 6, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 pending; adjourned to 06.12.2021
• SAT matter SATV-CD093884A1C1937589C8CBD4
  List all appeals on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. Nos. 165/2021, 162/2021 adjourned to 14.02.2022
• Illegal issuance of Non-convertible Debentures by Neesa Technologies Ltd and collection of investor monies without due compliance.
  Impugned WTM order dated 2 June 2016 set aside qua appellant · SEBI directed to consider matter afresh and pass fresh order on merits
  Appeal: Appeal No. 260 of 2016 disposed on 20.06.2017 - remanded for fresh order with no order as to costs
• SAT matter SATV-E7DE02A9E28D5D4164F929C8
  List matters on 8 September 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 pending before SAT; listed on 8 September 2021