Sandip Ray

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced to 25% of the amounts imposed by the WTM

SAT-appeal

SAT matter SATV-0742177F94CB93077A75645B
Delay in filing the review application condoned · Review application allowed for consideration but dismissed on merits
Appeal: Review Application No. 37 of 2022 in Appeal No. 750 of 2021 dismissed on 4 November 2022; SAT found no palpable error in its order dated 29 July 2022.
Misrepresentation of financials, accounting-standard violations, delayed or non-compliant LODR disclosures, and failure to furnish information to the forensic auditor. PFUTP violation was alleged but not established.
Appeal partly allowed · Violation findings affirmed
Appeal: Appeal No. 750 of 2021 decided partly in appellants' favour on 29 July 2022; Misc. Application No. 1322 of 2021 for condonation of delay allowed

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Source: SecMarx — Sandip Ray. 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.