Mr. Vimal Kumar Patni

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Three-year prohibition on holding director or key managerial personnel positions in listed companies upheld.

SAT-appeal

Concealment and suppression of the loan and pledge agreements connected with the GDR issue, creating a misleading impression that the issue was subscribed by investors when Vintage FZE was the sole subscriber.
Appeal No. 1020 of 2022 dismissed. · Appeal No. 1021 of 2022 dismissed.
Appeal: Appeal Nos. 1020 and 1021 of 2022 dismissed by SAT on 6 February 2023.
SAT matter SATV-15C1A8758ECED54079160119
Impugned WTM order dated 29 September 2021 quashed insofar as it related to the appellants. · Matter remitted to the WTM for a fresh order in accordance with law after giving the appellants an opportunity of hearing.
Appeal: Appeal No. 746 of 2021 allowed on 1 February 2022; matter remitted to the WTM.
Fraudulent GDR issue where Vintage FZE sole-subscribed using EURAM loan secured by pledge of GDR proceeds; loan/pledge concealed from exchange.
Appeals dismissed; WTM 3-year securities market access and dealing prohibition upheld · 3-year bar on holding director or KMP position in any listed company upheld
Appeal: Appeal Nos.1020 and 1021 of 2022 heard 11.01.2023 and dismissed on 06.02.2023

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Source: SecMarx — Mr. Vimal Kumar Patni. 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.