Palak Kohli Kochhar

16 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters listed for admission and final disposal on 20 June 2023
Kanugo's appeal was partly allowed and his penalty was reduced from Rs. 17 lakh to Rs. 5 lakh.
Penalties against Prakash Steelage Limited and Palak Kohli Kochhar were set aside; their appeals were allowed.
Matters listed for 21 March 2023
Matters listed for admission and final disposal on 20 June 2023

SAT-appeal

SAT matter SATV-1EFD2BB6EA2F1DC7294F4F5B
Delay in filing the reply condoned and reply taken on record · Rejoinder noted as filed
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022; reply delay condoned on 8 May 2023; listed for admission and final disposal on 20 June 2023
SAT matter SATV-18C836DF5FA2F9E8702B0C8D
Arguments heard and order reserved in Appeal No. 709 of 2022 and Appeal No. 710 of 2022
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022; arguments heard and order reserved on 31 October 2023
Kanugo was alleged to have transferred 25,00,000 PSL shares while possessing UPSI concerning financial results for the period ended 31 March 2016 and failed to make the required PIT disclosure. The company and Compliance Officer were alleged to have made incorrect SAST disclosures.
Delay in filing the appeals was condoned. · Kanugo's appeal was partly allowed and his penalty was reduced from Rs. 17 lakh to Rs. 5 lakh.
Appeal: Appeal Nos. 709 and 710 of 2022 decided by SAT on 06 November 2023; Kanugo's appeal partly allowed and the company and Compliance Officer's appeal allowed.
SAT matter SATV-270D4633BE691B513E8C353C
Appellants granted three weeks to file rejoinder · Matters listed for 21 March 2023
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022 were pending; rejoinder permitted and matters listed on 21 March 2023
SAT matter SATV-36700E042B5094AE954D619A
SEBI to file reply within 3 weeks from 20 October 2022 · Appellants may file rejoinder within 3 weeks thereafter
Appeal: Appeal Nos. 709 and 710 of 2022; common order dated 20 October 2022; reply and rejoinder directions issued, with listing fixed for 20 December 2022
SAT matter SATV-406309D9958744A3EE78FCA3
List Misc. Application No. 1638 of 2022 and Appeal No. 709 of 2022 on 30 October 2023 · List Misc. Application No. 1639 of 2022 and Appeal No. 710 of 2022 on 30 October 2023
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022 were pending; listed for 30 October 2023
SAT matter SATV-9A07CE9CB7C790C32DC95A00
Three weeks' time allowed to the appellant to file rejoinder · List matter on 31 January 2023
Appeal: Appeal No.709 of 2022 with Misc. Application No.1638 of 2022 and Appeal No.710 of 2022 with Misc. Application No.1639 of 2022 pending; listed on 31 January 2023
SAT matter SATV-B29B7315AEF29D4B637DFEEC
Matter put up / listed on October 31, 2023
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022 with Misc. Applications 1638-1639 of 2022 pending; adjourned to 31.10.2023
SAT matter SATV-E13ED42DF422B9FDB6AE02C3
Adjourned on request of appellants' counsel · List on September 26, 2023
Appeal: Appeal No. 709 of 2022 with Misc. Application No. 1638 of 2022 and Appeal No. 710 of 2022 with Misc. Application No. 1639 of 2022 pending; adjourned to September 26, 2023
SAT matter SATV-F99C962BA8DCE524B66D18AB
Delay in filing reply condoned and reply taken on record · Rejoinder taken on record
Appeal: Appeal No.709 of 2022 with Misc. Application No.1638 of 2022 and Appeal No.710 of 2022 with Misc. Application No.1639 of 2022 pending; listed on 8 August 2023
SAT matter SATV-5ECD01BC875781C73B227BB4
Delay in filing the reply condoned · Reply taken on record and rejoinder noted
Appeal: Appeal Nos. 709 of 2022 and 710 of 2022; order dated 8 May 2023; replies taken on record and matters listed for admission and final disposal on 20 June 2023
SAT matter SATV-700D9305768DAFB823FAB27F
Three weeks' time allowed to the appellants to file rejoinder · Matters listed for 31 January 2023
Appeal: Appeal Nos. 709 and 710 of 2022 were pending; rejoinder permitted and matters listed on 31 January 2023.
SAT matter SATV-59870BC21C09E9D1B24EF2EA
Adjourned on request of appellants' counsel · List on May 8, 2023
Appeal: Appeal No. 709 of 2022 with Misc. Application No. 1638 of 2022 and Appeal No. 710 of 2022 with Misc. Application No. 1639 of 2022 pending; adjourned to May 8, 2023
SAT matter SATV-6E9E627F1862774B7E3D194D
Three weeks' time allowed to the appellants to file rejoinder · Matter to be listed on March 21, 2023
Appeal: Appeal No. 709 of 2022 with Misc. Application No. 1638 of 2022 and Appeal No. 710 of 2022 with Misc. Application No. 1639 of 2022 pending; listed on 21 March 2023
SAT matter SATV-9D9D7A423C77C65713F55972
List these matters on October 30, 2023
Appeal: Appeal No. 709 of 2022 with Misc. Application No. 1638 of 2022 and Appeal No. 710 of 2022 with Misc. Application No. 1639 of 2022 pending, adjourned to 30.10.2023
Managing Director allegedly transferred 25,00,000 PSL shares while in possession of UPSI on financial results for period ended March 31, 2016 and failed to disclose under Reg 7(2)(a) PIT; company and compliance officer failed disclosure duties.
Delay in filing appeals condoned, misc. applications allowed · Noticee No.1 appeal partly allowed: Reg 7(2)(a) violation affirmed, penalty reduced from Rs.17 lakh to Rs.5 lakh
Appeal: Appeal No.709 of 2022 and Appeal No.710 of 2022 with Misc. Appl.1638-1639 of 2022 disposed on 06.11.2023: partly allowed/allowed as above

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Source: SecMarx — Palak Kohli Kochhar. 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.