Pawan Puri

SAT-appeal

• Alleged fraudulent GDR financing scheme: GDR proceeds were pledged to fund the sole subscriber, Vintage FZE, while the loan and pledge arrangements and sole subscription were not disclosed to stock exchanges or investors.
  Eight appeals against WTM and AO orders were decided together; operative final disposal is not included in the provided text.
  Appeal: Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019; hearing 27 April 2022 and decision 14 July 2022. Disposal terms are not included in the provided text.
• Alleged fraudulent GDR scheme involving undisclosed pledge and loan arrangements that funded the sole GDR subscriber, together with misleading disclosures and non-disclosure of material information.
  Appeals 381, 382, 384, 385, 386, 387, 389 and 390 of 2019 were decided together; order text supplied does not include the final operative disposal directions.
  Appeal: SAT Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019; hearing on 27 April 2022 and decision dated 14 July 2022.
• Alleged fraudulent GDR issue scheme: the sole subscriber, Vintage FZE, used a loan secured by the GDR proceeds to subscribe, while the pledge and loan arrangements and sole subscription were not disclosed.
  Appeal: Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019, heard 27 April 2022; decision dated 14 July 2022. The excerpt does not state disposal directions or result.