Mr. Rajinder Singh Jalan

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs 10 lacs on Sanjiv Bhavnani upheld
AO penalty of Rs 20 lacs on Rajinder Singh quashed; Appeal No 362 of 2021 allowed and remitted
Appeal Nos. 360 and 361 of 2021 by Sanjiv Bhavnani dismissed, WTM 5-year market restraint and AO penalty sustained

SAT-appeal

Fraudulent GDR scheme: company pledged GDR proceeds to fund sole subscriber Clifford, suppressed loan/pledge info and made false announcement of full subscription.
WTM 5-year market access restraint against Sanjiv Bhavnani upheld · AO penalty of Rs 10 lacs on Sanjiv Bhavnani upheld
Appeal: Appeal Nos 360, 361 and 362 of 2021 decided on 22.02.2022 (hearing 03.02.2022); 360-361 dismissed, 362 allowed and remanded
Fraudulent GDR issue where company pledged GDR proceeds to fund sole subscriber and made false announcement of full subscription while suppressing loan and pledge agreements.
Appeal Nos. 360 and 361 of 2021 by Sanjiv Bhavnani dismissed, WTM 5-year market restraint and AO penalty sustained · Appeal No. 362 of 2021 by Rajinder Singh allowed, AO order quashed for violation of natural justice
Appeal: Appeal Nos. 360 and 361 of 2021 dismissed and Appeal No. 362 of 2021 allowed by SAT decision dated 22.02.2022, hearing on 03.02.2022
SAT matter SATV-E227C726FE2C02DA09942E79
Impugned WTM order dated March 6, 2020 and addendum dated March 12, 2020 quashed qua appellant · Appeal allowed and matter remitted to WTM to decide afresh after serving show cause notice
Appeal: Appeal No. 413 of 2021 with Misc. Application No. 599 of 2021 allowed on 21.12.2021

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Source: SecMarx — Mr. Rajinder Singh Jalan. 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.