Ravindra Deshpande

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal No. 310 of 2019 allowed; Rs 12 lakh penalty quashed
Appeal No. 392 of 2019 partly allowed; Rs 2 lakh Model Code penalty quashed
Rs 4 lakh penalty under Reg 13(2),13(4),13(5) sustained for Appeal 392/2019
AO's penalty order upheld
Appeal No. 310 of 2019 allowed; AO penalty of Rs 12 lakhs quashed

SAT-appeal

SAT matter SATV-06B986F71F0C1AB393E4869C
Order reserved; parties directed to act on the digitally signed copy sent by fax and/or email
Appeal: Appeal No. 553 of 2021 heard by SAT on 26 August 2021; order reserved, with no disposal on merits stated
Alleged PFUTP Reg 3-4 violations and PIT Model Code Reg 12 breach and PIT Reg 13 disclosure failures by directors of Exelon Infrastructure Ltd
Appeal No. 310 of 2019 allowed; Rs 12 lakh penalty quashed · Appeal No. 392 of 2019 partly allowed; Rs 2 lakh Model Code penalty quashed
Appeal: Appeal Nos. 310/2019 and 392/2019 decided 04.03.2020 (Reserved 26.02.2020); 310 allowed, 392 partly allowed
Failure to furnish information sought by SEBI's investigating authority concerning shareholdings, trades, required disclosures and counterparties to off-market/spot transactions.
Delay of 1377 days in filing the appeal condoned · Appeal dismissed summarily at the admission stage
Appeal: Appeal No. 553 of 2021 dismissed summarily at admission on 31 August 2021; Misc. Application No. 844 of 2021 for condonation of 1377-day delay allowed.
Alleged fraudulent/unfair trade and insider-trading violations including failure to adopt Model Code of Conduct and failure to make disclosures under PIT Regulations in scrip of Exelon Infrastructure Limited.
Appeal No. 310 of 2019 allowed; AO penalty of Rs 12 lakhs quashed · Appeal No. 392 of 2019 partly allowed; Rs 2 lakhs penalty under Regulation 12/Model Code quashed
Appeal: Appeal No. 310 of 2019 and Appeal No. 392 of 2019 against AO common order dated 28.01.2019 disposed on 04.03.2020 (reserved on 26.02.2020)

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Source: SecMarx — Ravindra Deshpande. 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.