Ms. Girija Banerjee

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.
• 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
• 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
• 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