Mr. Vikash Dubey

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Trinity Tradelink Ltd. directed to pay Rs.10 lakh
Penalty against Vikrant Kayan reduced to Rs.5 lakh
Penalties against Girija Banerjee, Vikash Dubey and Bhaskar Paul set aside
Company penalty reduced to Rs.10 lakh for LODR violation
Vikrant Kayan penalty reduced to Rs.5 lakh

SAT-appeal

Misrepresentation of financials, accounting-standard violations, misuse of funds/books of account and delayed or non-compliance with LODR disclosure requirements; PFUTP fraud and fund diversion allegations were not established.
Appeals partly allowed · Debarment reduced to the period already undergone
Appeal: Appeal Nos. 637, 784 and 785 of 2022, with Misc. Applications Nos.1125 and 1124 of 2022, disposed of partly on 26 April 2023.
Alleged shell company with misrepresentation of financials, misuse of funds/books and LODR disclosure failures; PFUTP fraud charge not proved.
Appeals partly allowed; LODR violation affirmed · Debarment of 1 year reduced to period already undergone
Appeal: Appeal Nos. 637, 784, 785 of 2022 decided 26.04.2023 - partly allowed
Suspected shell company with misrepresented financials, accounting standard violations and LODR disclosure failures; PFUTP/fund misuse charge not proved.
LODR violations affirmed; acquittal on Section 12A/PFUTP upheld · Debarment reduced to period already undergone
Appeal: Appeal Nos. 637, 784, 785 of 2022 partly allowed by SAT order dated 26.4.2023

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Source: SecMarx — Mr. Vikash Dubey. 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.