Mr. Nileshkumar T. Kava

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO imposed penalty of Rs 20 lacs jointly and severally on 15 noticees for Regulation 10 violation - challenged in SAT appeals
Adjudicating Officer imposed Rs 20 lakh penalty jointly and severally for Regulation 10 violation

SAT-appeal

SAT matter SATV-342AD0C28311FA9717CADC9F
Permitted withdrawal of Appeal Nos. 297, 298, 299 of 2016 and Misc. Applications 237, 238, 239 of 2016 with liberty to file fresh appeals · Fresh appeals with misc. applications to be filed within six weeks disclosing all facts truthfully
Appeal: Appeal Nos. 297, 298, 299 of 2016 with Misc. Applications 237, 238, 239 of 2016 withdrawn with liberty and disposed of on 14.11.2017
SAT matter SATV-AE466A51E6165D853CF169E4
Permitted withdrawal of Appeal Nos. 297-299 of 2016 and Misc. Applications 237-239 of 2016 with liberty to file fresh appeals · Fresh appeals with misc. applications to be filed within six weeks from 14.11.2017 with adjustment of court fees paid
Appeal: Appeal Nos. 297, 298, 299 of 2016 with Misc. Applications 237, 238, 239 of 2016 withdrawn with liberty and disposed of on 14.11.2017
7 preferential allottees allegedly acted in concert to acquire 2,90,00,000 shares of Platinum Corporation Ltd. and failed to make public announcement under Regulation 10.
AO imposed penalty of Rs 20 lacs jointly and severally on 15 noticees for Regulation 10 violation - challenged in SAT appeals
7 allottees allegedly acted in concert to acquire 2,90,00,000 preferential shares of Platinum Corporation Ltd without public announcement under Regulation 10.
Adjudicating Officer imposed Rs 20 lakh penalty jointly and severally for Regulation 10 violation
SAT matter SATV-B7EEDE7179DAE9A1CE8E55E1
Withdrawal of Appeal Nos 297-299 of 2016 and Misc Apps 237-239 of 2016 allowed with liberty to file fresh appeals · Fresh appeals with misc applications to be filed within six weeks from 14.11.2017 with court-fee adjustment
Appeal: Appeal Nos 297, 298, 299 of 2016 with Misc Appl Nos 237, 238, 239 of 2016 withdrawn with liberty and disposed on 14.11.2017 with no costs

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Source: SecMarx — Mr. Nileshkumar T. Kava. 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.