Mr. Sidhartha Kumar Barik

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs 25 lakhs for non-compliance upheld; no manifest error found

SAT-appeal

Non-compliance with WTM order dated 10 December 2015 directing company and directors to refund amounts with interest to investors.
Appeal dismissed · AO penalty of Rs 25 lakhs for non-compliance upheld; no manifest error found
Appeal: Prior Appeal No. 259 of 2018 against WTM order dismissed by Tribunal on 17.08.2018; further appeal before Supreme Court also dismissed
Illegal allotment of redeemable preference shares totalling Rs.21,18,65,380 without following Companies Act, 1956 guidelines and failure to refund investors after company went bust.
Misc. Application No.317 of 2018 for condonation of delay rejected · Appeal No.380 of 2018 dismissed as hopelessly barred by limitation
SAT matter SATV-A1E2348CDF432465EAC96561
Appeal allowed to be withdrawn with liberty to file fresh appeal incorporating all documents · Appeal disposed of with no order as to costs
Appeal: Appeal No.259 of 2018 disposed on 17/08/2018 as withdrawn with liberty to file fresh appeal

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Source: SecMarx — Mr. Sidhartha Kumar Barik. 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.