Pipal Singh

SAT-appeal

• Operating alleged unregistered Collective Investment Schemes and collecting money from investors
  Appellants to make representation to SEBI with details of amounts paid and balance payment plan · SEBI to consider representation and pass appropriate order in accordance with law
  Appeal: Appeal No.86 of 2017 disposed of on 13.11.2017 with conditional directions, no order as to costs
• Operating unregistered Collective Investment Scheme by mobilising funds under land development scheme
  Appeal No. 307 of 2018 dismissed summarily · SEBI order dated June 1, 2018 upheld; no infirmity found
  Appeal: Appeal No. 307 of 2018 dismissed summarily on 25.02.2019; prior Appeal No. 86 of 2017 disposed on 13.11.2017
• SAT matter SATV-E119DEF9F67026329000559B
  Appeal allowed to be withdrawn with liberty to file fresh appeal with additional documents and grounds · Fresh appeal if any to be filed within two weeks from 23 February 2017
  Appeal: Appeal No. 21 of 2016 decided on 23.2.2017, disposed as withdrawn with liberty to file fresh appeal within two weeks
• Allegedly carrying on unregistered Collective Investment Scheme by mobilising public funds via land development/plantation plans with profit/produce sharing.
  SEBI Impugned Order: refund all money collected with returns as per letter of offer within one month, failing which appropriate action · SEBI ad-interim ex-parte order 9 July 2012: restrained from launching CIS and collecting money from public
  Appeal: Appeal No. 225 of 2012 before SAT, Mumbai - Date of decision: 23.07.2013
• SAT matter SATV-BA8BED0534780C0924990EAA
  Review Application No. 03 of 2019 summarily rejected
  Appeal: Review Application No. 03 of 2019 in Appeal No. 307 of 2018 seeking review of SAT order dated 25.02.2019 - summarily rejected on 27.06.2019
• Running unregistered collective investment scheme mobilising public funds with promise of returns without registration and failure to repay investors on maturity.
  Appeal No.377 of 2021 dismissed with no order as to costs · AO penalty of Rs.70 lakhs jointly and severally for CIS violations sustained
  Appeal: Appeal No.377 of 2021 dismissed on 09.08.2021; WTM order dated 09.11.2015 attained finality after dismissal of Civil Appeal Nos.7017-7018/2020 on 02.09.2019