Mr. Rajinder Jindal

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM prohibition of appellants from securities market directly/indirectly for 5 years upheld
Held AO penalty excessive, disproportionate and discriminatory; indicated reduction on parity (operative quantum truncated in text)

SAT-appeal

Fraudulent 2010 GDR issue where sole subscriber Vintage FZE subscribed via EURAM Bank loan secured by pledge of GDR proceeds by issuer, with false subscriber list and non-disclosure misleading investors.
WTM prohibition of appellants from securities market directly/indirectly for 5 years upheld · Appeal No. 376 of 2019 dismissed with no order on costs
Appeal: Appeal No. 376 of 2019 against WTM order dated April 24, 2019 - dismissed on February 5, 2020 (Order Reserved 23.01.2020)
Fraudulent GDR scheme: sole subscription of 5 million GDRs (USD 38.75 million) by Vintage FZE via EURAM Bank loan secured by pledge of GDR proceeds, with non-disclosure misleading investors.
Held AO penalty excessive, disproportionate and discriminatory; indicated reduction on parity (operative quantum truncated in text)
Appeal: Appeal No. 76 of 2023 reserved 06.02.2023, decided 23.02.2023 by SAT

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Source: SecMarx — Mr. Rajinder Jindal. 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.