Rajesh Kothari

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Rs.40 lakh penalty jointly and severally under Section 15H upheld

SAT-appeal

SAT matter SATV-9894A312B870BEF632B0B444
Appeal allowed to be withdrawn at appellants' request · Time to comply with impugned SEBI order extended by 45 days from 18.07.2016
Appeal: Appeal No. 264 of 2015 withdrawn and disposed of on 18.07.2016
Acquired 6,83,717 shares (~19.53%) of Kwality Credit & Leasing Ltd off-market without public announcement and open offer under Regulation 10 SAST 1997.
Appeal dismissed with no order as to costs · Rs.40 lakh penalty jointly and severally under Section 15H upheld
Appeal: Appeal No.179 of 2014 dismissed on 12 September 2014

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Source: SecMarx — Rajesh Kothari. 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.