Rakeshkumar Lal

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Set aside SCORES orders dated 28 August 2020 and 7 October 2020.
Parties to take instructions from Registrar 48 hours before fixed date on hearing mode

SAT-appeal

Whether Vatika Ltd.'s assured-return deposit scheme constituted a collective investment scheme (CIS) under SEBI's regulatory purview.
Set aside SCORES orders dated 28 August 2020 and 7 October 2020. · Authority directed to pass a fresh order after considering all aspects and obtaining comments from Vatika Ltd. and the appellants.
Appeal: Appeal No. 397 of 2020 allowed on 10 June 2021.
SAT matter SATV-6FB122C4FE3D3C5D6331A31E
Misc. Application No. 455 of 2020 allowed; additional documents taken on record for final disposal · Appeal No. 397 of 2020 listed on January 15, 2021 for admission and final disposal
Appeal: Appeal No. 397 of 2020 pending; Misc. Application No. 455 of 2020 allowed on 07.01.2021; next listing January 15, 2021
SAT matter SATV-D151434A240A8B26DBD0ED9B
Listed on April 26, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
Appeal: Appeal No. 397 of 2020 pending; adjourned to April 26, 2021

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Source: SecMarx — Rakeshkumar Lal. 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.