Sanjay Raghunathprasad Gupta

9 matters before the Securities Appellate Tribunal

Penalties and directions recorded

NTL and directors including appellants jointly and severally to refund NCD money with 15% p.a. compounded half-yearly till payment
NTL and appellants with other directors to jointly and severally refund NCD money with 15% p.a. interest compounded half-yearly till payment
Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
NTL and directors jointly-severally to refund NCD collections with 15% p.a. interest compounded half-yearly till payment

SAT-appeal

NTL offered and issued NCDs in FY 2013-14 for Rs.5.96 crores to 341 persons constituting deemed public issue under Section 67 without compulsory listing under Section 73(1); directors jointly and severally liable.
SAT dismissed Appeal Nos. 227/2016, 228/2016, 156/2017, 159/2017 confirming WTM order dated June 2, 2016 · Restrained from accessing securities market and buying, selling or dealing in securities directly or indirectly with immediate effect
Appeal: Appeal Nos. 227/2016, 228/2016, 156/2017 with Misc. Appl. 90-91/2018 and 159/2017 heard 27.03.2019, dismissed 16.04.2019; NTL Appeal No. 311/2016 already dismissed 28.04.2017
SAT matter SATV-44BFEE3B95919467C8FC6696
Appeal No. 171 of 2021 dismissed as abated due to death of appellant · All connected miscellaneous applications disposed of
Appeal: Appeal No. 171 of 2021 dismissed as abated vide SAT order dated 15.06.2021
NTL offered NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons, a deemed public issue under Sec 67 proviso, without compulsory listing under Sec 73(1) and Sec 56,60,117C compliance.
Appeals dismissed, WTM order dated June 2, 2016 upheld with joint and several liability · Restrained from accessing securities market and buying/selling/dealing directly or indirectly with immediate effect
SAT matter SATV-C04AF3CBC5BC41FF9D37CD24
Appeals dismissed with liberty to appellants to file amended memo of appeal · Misc. applications disposed of accordingly
Appeal: Appeal Nos. 539 of 2020, 474 of 2020 and 17 of 2021 dismissed on 11.01.2021; Misc. Applications 593/2020, 490/2020, 591/2020 disposed
SAT matter SATV-CC717F19CE00696ED33AEF1E
List Appeal for admission on 11 January 2021 along with Neesa Technologies Ltd. and Arvind Kumar Jagannath Prasad Gupta · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
Appeal: Appeal No.539 of 2020 with Misc. Application No.593 of 2020 listed for admission on 11 January 2021; not disposed
SAT matter SATV-E2D94EA05C47349DC0201185
Appeals dismissed with liberty to file amended memo of appeal within two weeks · Misc. Applications Nos. 593 of 2020, 490 of 2020 and 591 of 2020 disposed of accordingly
Appeal: Appeal Nos. 539 of 2020, 474 of 2020 and 17 of 2021 with Misc. Applications 593, 490 of 2020 and 591 of 2020 dismissed with liberty to refile, decided 11.01.2021
Neesa Technologies Ltd. offered and issued NCDs in FY 2013-2014 for Rs. 5.96 crores to 341 persons without compulsory listing, constituting deemed public issue violating Sections 56, 60, 73, 117C of Companies Act, 1956.
Restrain appellants from accessing securities market with immediate effect · Prohibit buying, selling or otherwise dealing in securities directly or indirectly
NTL offered and issued NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons deemed public issue under Section 67 proviso without compulsory listing under Section 73(1) Companies Act 1956; directors jointly-severally liable.
Restrained from accessing securities market and prohibited from buying, selling or dealing directly/indirectly with immediate effect · Restrained from issuing prospectus, offer document or advertisement soliciting public money
Appeal: Appeal Nos 227/2016, 228/2016, 156/2017 with Misc Apps 90-91/2018 heard 27.03.2019 decided 16.04.2019 - held no merit; NTL Appeal No 311/2016 dismissed 28.04.2017
SAT matter SATV-8DE8925EF908E6D64A6E90F7
Appeals dismissed with liberty to file amended memo of appeal within two weeks · Misc. Applications (delay applications) disposed of accordingly
Appeal: Appeal Nos. 539/2020, 474/2020 and 17/2021 with Misc. Applications 593/2020, 490/2020, 591/2020 disposed on 11.01.2021 with liberty to refile

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Source: SecMarx — Sanjay Raghunathprasad Gupta. 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.