Rajeev Agrawal
Penalties and directions recorded
- Penalty order of Rs. 5 lakh challenged by the appellant was set aside to the extent challenged.
- SEBI may enforce the Section 11B disgorgement direction through the recovery mechanism under Section 28A.
- Violation upheld but joint Rs 1 crore penalty reduced to Rs 10 lakhs for appellant
- Violation upheld but penalty reduced to Rs 10 lakhs, appeal partly allowed
SAT-appeal
- Alleged failure to comply with disgorgement and related directions issued under the WTM's Section 11B order concerning Sanraa Media Ltd.'s GDR issuance.Penalty order of Rs. 5 lakh challenged by the appellant was set aside to the extent challenged. · SEBI may enforce the Section 11B disgorgement direction through the recovery mechanism under Section 28A.Appeal: Appeal No. 638 of 2023 decided by SAT on 27 July 2023; delay in filing condoned and exemption application allowed.
- SAT matter SATV-90A2D5F909C60AF900B16533Appeal against WTM order dated 2 January 2019 dismissed for inordinate delay of 1600+ days · Delay condoned for appeal against AO order dated 29 November 2019Appeal: Appeal Nos 465 and 466 of 2023 with Misc Applications 601-604 of 2023: WTM appeal dismissed, AO appeal partly allowed on 19 May 2023
- SAT matter SATV-FCB8DCB63A07DBA6392CA5D5WTM appeal dismissed for inordinate delay with no order as to costs · Delay in AO appeal condoned and application allowedAppeal: Appeal No.465 of 2023 (WTM order) dismissed; Appeal No.466 of 2023 (AO order) partly allowed on 19 May 2023
Source: SecMarx — Rajeev Agrawal. 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.