Scan Infrastructure Ltd.

SAT-appeal

• SAT matter SATV-05C81658663BCDA60A4E51E3
  Delay in filing the reply condoned and reply taken on record · Appellants granted three weeks to file rejoinder
  Appeal: Appeal Nos. 534, 552, 739 and 125 of 2022 and Appeal No. 290 of 2023 were pending; listed for 13 June 2023
• SAT matter SATV-1784AFAC188BC7B9F8D52205
  Scan Infrastructure Ltd. appeal adjourned on the appellant's request · Scan Infrastructure Ltd. matter listed for 7 March 2023
  Appeal: Appeal Nos. 534 of 2022, 552 of 2022 and 739 of 2022 were before SAT; Appeal No. 739 of 2022 was adjourned to 7 March 2023, while no disposal direction was recorded for Appeals Nos. 534 and 552.
• SAT matter SATV-1C89CDA00D7B03E49FFDD9EA
  Appellants granted three weeks to file rejoinder · Interim relief, if any, to continue until the next date of listing
  Appeal: Appeal Nos. 534, 739, 552 and 125 of 2022/2023 were listed before SAT; adjourned for rejoinders and listed on 23 March 2023
• SAT matter SATV-1438179CEDF47A55CD16C810
  Connect with Appeal No. 552 of 2022 · List on November 11, 2022
  Appeal: Appeal No. 739 of 2022 with Misc. Application No. 922 of 2022 pending; connected with Appeal No. 552 of 2022; next listing November 11, 2022
• SAT matter SATV-3500B4D5DC2E63305111F263
  Appeals listed for admission and final disposal on 24 July 2023
  Appeal: Appeal Nos. 552 of 2022, 739 of 2022, 125 of 2023 and 290 of 2023 were pending and listed for admission and final disposal on 24 July 2023
• SAT matter SATV-488CC464925B55AFEBC57D79
  Three weeks time allowed to the appellant to file rejoinder · Matter listed on January 25, 2023
  Appeal: Appeal Nos. 534 of 2022, 739 of 2022 and 552 of 2022 with Misc. Applications pending before SAT; not disposed on 16.12.2022, adjourned to 25.01.2023 for rejoinder
• SAT matter SATV-47840F04989934A63CE71F91
  Three weeks time allowed to appellants to file rejoinder · Interim relief, if any, to continue till next date of listing
  Appeal: Appeal Nos. 534 of 2022, 739 of 2022, 552 of 2022 and 125 of 2023 pending; rejoinder stage; listed on 23 March 2023
• SAT matter SATV-4C46DAD1C21C0201000284E9
  Appeals to be listed for admission and for final disposal on July 24, 2023
  Appeal: Appeal Nos. 552 of 2022, 739 of 2022, 125 of 2023 and 290 of 2023 pending; listed for admission and final disposal on 24 July 2023
• SAT matter SATV-68FE1C26226EB7E1B92D1B51
  Adjourned on request of appellant Scan Infrastructure Ltd. vs SEBI · List matter on March 07, 2023
  Appeal: Appeal No. 534 of 2022, Appeal No. 552 of 2022 and Appeal No. 739 of 2022 pending; adjourned on 25.01.2023, listed on 07.03.2023
• Company funded preferential allottees (Noticees 2-8) via conduits (Noticees 9-23) with round-tripping, so no genuine capital infusion - fraudulent; promoters failed to disclose change in shareholding and company filed incorrect quarterly shareholding pattern.
  Rs. 4 lakhs penalty on Company (Noticee No.1) under Section 23H SCRA for PIT non-disclosure upheld/conceded · Rs. 46 lakhs penalty on Noticees 1-23 under Section 15HA jointly and severally for Section 12A/PFUTP violation upheld
• SAT matter SATV-7F7F63CAD4DA51E95231D0F1
  Adjourned on the request of the appellants · List on 27th April, 2023
  Appeal: Appeal Nos. 534/2022, 739/2022, 552/2022, 125/2023, 290/2023 adjourned to 27 April 2023
• Company funded preferential allottees via conduits with round-tripping of subscription funds showing no genuine capital infusion; promoters failed PIT disclosures and filed wrong shareholding pattern.
  Rs 4 lakhs penalty on Company under Section 23H SCRA for PIT disclosure violation · Rs 46 lakhs penalty on noticees 1-23 jointly and severally under Section 15HA for PFUTP violation
  Appeal: Appeal Nos 739/2022, 552/2022, 125/2023 and 290/2023 against AO order dated 13.04.2022 decided on 28.07.2023 (reserved 24.07.2023)
• SAT matter SATV-9A7C72BE5C75EE42D838651E
  Adjourned on request of appellant Scan Infrastructure Ltd. vs SEBI · List on March 07, 2023; parties to act on digitally signed copy
  Appeal: Appeal No. 534 of 2022, Appeal No. 552 of 2022 and Appeal No. 739 of 2022 pending; Scan Infrastructure matter adjourned to 07 March 2023
• SAT matter SATV-BEC1368DAD47ED724BDEADE1
  Three weeks time allowed to appellants to file rejoinder · Interim relief, if any, to continue till next date of listing
  Appeal: Appeal Nos. 534/2022, 739/2022, 552/2022 and 125/2023 pending before SAT; rejoinder stage; listed on 23 March 2023
• SAT matter SATV-BFE97C30ABBF2D9D00F0F163
  These appeals will be listed for admission and for final disposal on July 24, 2023
  Appeal: Appeal Nos. 552 of 2022, 739 of 2022, 125 of 2023, 290 of 2023 pending; Misc Applications 1401/2022, 922/2022, 65/2023, 351/2023; SAT order dated 13.06.2023 listing for admission and final disposal on 24.07.2023
• Company funded preferential allottees via conduits with round-tripping of funds showing no genuine capital infusion; promoters failed PIT disclosures and company filed wrong shareholding pattern.
  AO penalty Rs.4 lakhs on company under Sec 23H SCRA for PIT non-disclosure · AO penalty Rs.46 lakhs on noticees 1-23 under Sec 15HA jointly and severally for Sec 12A/PFUTP violation
  Appeal: Appeals 739/2022, 552/2022, 125/2023, 290/2023 against AO common order 13 Apr 2022; reserved 24 Jul 2023, decided 28 Jul 2023
• SAT matter SATV-4ADA91A6EA3E6413ADCF4DB9
  SEBI was granted two weeks to file its reply in Appeal No. 739 of 2022 · Appellants were granted three weeks to file rejoinders to replies already filed
  Appeal: Appeal Nos. 534 of 2022, 739 of 2022 and 552 of 2022 were pending; directions issued on 11 November 2022 and matters listed on 16 December 2022
• SAT matter SATV-5757C98A2672B451C9666AC4
  Appeals to be listed for admission and final disposal on 24 July 2023
  Appeal: Appeal Nos. 552 of 2022, 739 of 2022, 125 of 2023 and 290 of 2023 were pending; listed for admission and final disposal on 24 July 2023
• SAT matter SATV-6B154175E4AA70604FC23FD1
  Heard learned counsel for parties and reserved order · Parties to act on digitally signed copy by Private Secretary; certified copy available from Registry on payment
  Appeal: Appeal Nos. 739/2022, 552/2022, 125/2023, 290/2023 with Misc. Applications 922/2022, 1401/2022, 65/2023, 351/2023 heard on 24.07.2023; order reserved, not disposed
• SAT matter SATV-A2857DDAAB5636FD0655FA76
  Three weeks time allowed to appellants to file rejoinder · Interim relief, if any, to continue till next date of listing
  Appeal: Appeal Nos. 534/2022, 739/2022, 552/2022 and 125/2023 pending; order dated 13.03.2023 allows rejoinder and continues interim relief; next listing 23.03.2023
• SAT matter SATV-B7BD3E0237D0F01FEA79C273
  Heard counsel for parties; order reserved · Parties to act on digitally signed copy of order by Private Secretary
  Appeal: Appeal Nos. 739/2022, 552/2022, 125/2023, 290/2023 with Misc. Applications 922/2022, 1401/2022, 65/2023, 351/2023 - heard on 24.07.2023, order reserved
• Company funded preferential allottees (Noticees 2-8) via conduit entities (Noticees 9-23) by round-tripping funds, showing no genuine capital infusion; plus promoter and quarterly shareholding disclosure failures.
  SAT confirmed AO finding of fraudulent funding and round-tripping by Company through conduits · Company conceded PIT non-disclosure; Rs 4 lakh penalty sustained in reasoning
  Appeal: Appeal Nos. 739/2022, 552/2022, 125/2023, 290/2023 with Misc.Appl. 922/2022, 1401/2022, 65/2023 reserved 24.07.2023 decided 28.07.2023 together
• SAT matter SATV-EA2C8CAFEF327EA6DEE3A8D1
  Adjourned on request of learned counsel for the appellant · List on April 20, 2023
  Appeal: Appeal Nos. 534 of 2022, 552 of 2022, 739 of 2022 and 125 of 2023 adjourned vide order dated 23.03.2023; next date April 20, 2023