Mr. Sowmiyanarayanan

SAT-appeal

• Prima facie diversion of funds from United Spirits Ltd (USL) to UB Group companies at behest of Dr Mallya, operating as fraud/deceit on USL public shareholders.
  Restrained from accessing securities market and prohibited from buying, selling or dealing in securities directly or indirectly · Restrained from holding position as Director or Key Managerial Person of any listed company
• SAT matter SATV-B9431AF7289BC495C5E94C08
  Registry to replace 'Statutory Auditors' with 'Expert / Expert Reports' in paragraph 16 for Ernst & Young and PwC-UK · Replace 'three months' with 'four months' in paragraph 36 for SEBI to pass final order after receiving reply
  Appeal: Appeal Nos. 52, 68 and 71 of 2017 - praecipe to rectify SAT order dated 11.08.2017 allowed by order dated 01.09.2017
• Prima facie diversion of USL funds to UB Group companies including Kingfisher Airlines at Mallya behest, operating as fraud/deceit on USL public shareholders.
  Restrained from accessing securities market and buying/selling/dealing in securities directly or indirectly · Restrained from holding position as Director or Key Managerial Person of any listed company
  Appeal: Appeal Nos. 52, 68, 71 of 2017 heard on 21.07.2017, decided by common order on 11.08.2017
• Prima facie diversion and round-tripping of USL funds to UB Group companies, allegedly operating as fraud or deceit upon USL’s public shareholders.
  Appeals 52, 68 and 71 of 2017 were heard together and disposed of by common order; the reproduced text does not state the final operative relief. · Impugned interim order restrained appellants from accessing the securities market and from buying, selling or otherwise dealing in securities, directly or indirectly.
  Appeal: Appeal Nos. 52, 68 and 71 of 2017, decided by SAT on 11 August 2017; Miscellaneous Application No. 61 of 2017 also listed. The reproduced text does not state the specific disposition.
• SAT matter SATV-63ECC3C1B3BD63367816BCC1
  SEBI granted extension to complete hearing and pass appropriate final order by March 31, 2018 · Appellant in Appeal No. 52 of 2017 may seek interim relief against market restraint before WTM
  Appeal: Misc. Applications No. 1, 2, 3 of 2018 in Appeals No. 52, 68, 71 of 2017 allowed on 08.01.2018; main appeals pending awaiting SEBI final order