Mr. Prashanta Kumar Dash

SAT-appeal

• SAT matter SATV-4B4DF07556B4C4BD749E623E
  Appeal No. 209 of 2018 dismissed for want of prosecution on 15.11.2021
  Appeal: Appeal No. 209 of 2018 decided on 15.11.2021; dismissed for want of prosecution
• SAT matter SATV-6274F72B51B62204A2EE6C41
  Confirmatory order dated 18 March 2015 quashed and set aside without going into merits · SEBI directed to give fresh hearing to appellants and pass appropriate order expeditiously
  Appeal: Appeal No. 328 of 2015 decided on 25.11.2016 - disposed with remand for fresh hearing
• Issued Redeemable Preference Shares in 2008-09 to 2012-13 to 76,758 allottees raising ~Rs 503 crore violating Sections 56, 73 Companies Act, illegal deemed public issue
  Appeal dismissed, WTM order dated 24.09.2018 upheld: refund mobilisation with 15% p.a. interest · Restraint on selling assets and accessing securities market continued
  Appeal: Appeal No. 468 of 2018 dismissed on 19.05.2021 (reserved 12.05.2021); Misc. Application No. 44 of 2021 disposed as infructuous
• SAT matter SATV-B1BA0C99728B39B93D7D7030
  No valid ground to recall order dated November 15, 2021 · Review Application No. 30 of 2021 rejected
  Appeal: Review Application No. 30 of 2021 in Appeal No. 209 of 2018; recall of SAT order dated 15.11.2021 sought; review rejected on 16.12.2021
• Issuance of redeemable preference shares not in accordance with law, leading to debarment and refund direction.
  SEBI to take appropriate action to recover amount in accordance with law · Debarment period to end once entire Rs.58,10,300 with interest is fully recovered
  Appeal: Appeal No.209 of 2018 disposed of by SAT order dated 25 July 2025