Mrs. Anjana Kumar

SAT-appeal

• Stock broker Kassa diverted/siphoned client funds/securities to group entities and illegally collected ~Rs 55 cr as loans promising assured returns acting as unregistered portfolio manager.
  Impugned WTM order: all appellants restrained from accessing securities market directly/indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal directed jointly/severally to refund investor/client money with 15% p.a. interest from due date till payment
  Appeal: Appeal Nos. 371/2017, 37/2018, 346/2017, 38/2018, 197/2018 with Misc. Applications 01/2019, 2/2019, 426/2018 heard together, reserved 03.07.2019, decided 26.09.2019
• Diversion/siphoning of client/investor funds and securities to group entities, collecting money promising assured returns without PMS registration, misutilisation and non-segregation of funds.
  All appellants restrained from accessing securities market directly/indirectly for 10 years per WTM order · Four appellants excluding Manoj Kumar Agrawal directed to refund investors/clients money with 15% p.a. interest from due date till payment
  Appeal: 5 SAT Appeals No.371/2017, 346/2017, 197/2018, 37/2018, 38/2018 heard together; Order Reserved 03.07.2019, Date of Decision 26.09.2019
• Diversion/siphoning of client funds and securities to group entities and collecting loans promising assured returns without PMS/broker authorisation.
  Restrain all appellants from accessing securities market directly or indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal to jointly refund investors/clients money with 15% p.a. interest
  Appeal: Appeal Nos 371/2017, 346/2017, 37/2018, 38/2018, 197/2018 disposed by common decision dated 26.09.2019