Mr. Vikrant Kayan

SAT-appeal

• Misrepresentation of financial statements, accounting-standard violations, misuse of funds/books of account and other failures to comply with LODR disclosure requirements. PFUTP and Section 12A violations were ultimately not established.
  Appeal No. 988 of 2022 partly allowed; penalty reduced from Rs.20 lakhs to Rs.10 lakhs and debarment modified to the period already undergone · Appeal No. 998 of 2022 partly allowed; penalty reduced to Rs.5 lakhs each
  Appeal: Appeal Nos. 988, 998 and 1017 of 2022 disposed of by SAT on 19 December 2022; miscellaneous applications also disposed of
• SAT matter SATV-18BA6440C8B91FD163818ECD
  Appeals Nos. 637, 784 and 785 of 2022 listed for hearing on 31 January 2023 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 637, 784 and 785 of 2022 were pending and directed to be listed on 31 January 2023; no disposal on merits stated.
• SAT matter SATV-2899F25330B41941EFE9E9DC
  Appeals adjourned due to non-availability of the bench · Listed for hearing on 26 April 2023
  Appeal: Appeal Nos. 637 of 2022, 784 of 2022 and 785 of 2022 were adjourned on 30 March 2023 and listed for 26 April 2023; no disposal on merits stated.
• 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.
• Misrepresentation of financial statements, accounting-standard violations, misuse of funds/books of account and delayed or non-compliant LODR disclosures. PFUTP and Section 12A violations were not established.
  Appeal No. 988 of 2022 partly allowed; penalty reduced from Rs.20 lakhs to Rs.10 lakhs and debarment modified to the period already undergone · Appeal No. 998 of 2022 partly allowed; penalty reduced to Rs.5 lakhs each
  Appeal: Appeal Nos. 988, 998 and 1017 of 2022 disposed of by SAT on 19 December 2022; appeals partly allowed or allowed as specified
• SAT matter SATV-9BE2BF032546F1EC8A564219
  Adjourned on account of non-availability of the bench · List matters on April 26, 2023
• SAT matter SATV-98EDF610C0670707D85EB2E8
  List Appeal Nos. 637, 784 and 785 of 2022 on January 31, 2023
  Appeal: Appeal Nos. 637 of 2022, 784 of 2022 and 785 of 2022 pending; next listing January 31, 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
• SAT matter SATV-EFDB6BB831AD0215DB823EEB
  List these appeals on March 30, 2023 · Parties to act on digitally signed copy; certified copy from Registry on payment
  Appeal: Appeal Nos. 637, 784, 785 of 2022 with Misc. Applications 1125, 1124 of 2022 pending; listed on March 30, 2023, not disposed
• SAT matter SATV-F25E1359E84BDBFA1DAABD7B
  List on February 15, 2023 · Parties to act on digitally signed copy of order
  Appeal: Appeal Nos. 637 of 2022, 784 of 2022 and 785 of 2022 with Misc. Applications Nos. 1125 and 1124 of 2022 pending; adjourned to February 15, 2023 with no disposal on January 31, 2023
• SAT matter SATV-F527F4D5D1E80CAA5395987D
  Adjourned on account of non-availability of the bench · List on April 26, 2023
  Appeal: Appeal Nos. 637 of 2022, 784 of 2022 and 785 of 2022 adjourned on 30.03.2023; listed on April 26, 2023
• Misrepresentation of financials, misuse of funds/books and failure to make timely LODR disclosures over three financial years; initially suspected shell company.
  Appeal 988/2022 partly allowed: Rs 20 lakh penalty cut to Rs 10 lakh; debarment limited to period undergone · Appeal 998/2022 partly allowed: penalty reduced to Rs 5 lakh each
• SAT matter SATV-F3709638079A981F87FFBB1A
  Delay condoned and Misc. Applications Nos. 1124 and 1125 of 2022 allowed · Appeal Nos. 784 and 785 of 2022 connected with Appeal No. 637 of 2022
  Appeal: Appeal Nos. 784 of 2022 and 785 of 2022 pending; delay condoned vide Misc. Applications 1124-1125 of 2022; next date 16.12.2022