Shalabh Gaur

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Aashrit Capital Limited directed to pay Rs. 10 lakh
Penalties imposed on the other appellants set aside
Aashrit Capital Limited directed to pay Rs. 10 lakh
Penalties imposed on the other appellants set aside
Reduced Company penalty to Rs 10 lakh for LODR violation

SAT-appeal

Alleged misrepresentation of financial statements, accounting-standard violations, misuse of funds/books of account and other LODR non-compliances; alleged PFUTP violations were not established.
Appeals partly allowed · Debarment period reduced to the period already undergone
Appeal: Appeal Nos. 286, 287 and 369 of 2022 partly allowed by SAT on 17 November 2022
Misrepresentation of financial statements, accounting-standard violations, misuse of funds/books of account, and other LODR non-compliances; PFUTP and Section 12A allegations were not established.
Appeals partly allowed · Debarment reduced to the period already undergone
Appeal: Appeal Nos. 286, 287 and 369 of 2022 partly allowed on 17 November 2022
Misrepresentation of financials, misuse of funds/books and LODR disclosure failures; alleged shell company and PFUTP fraud, later found not proved.
Affirmed LODR non-compliance violation by Company · Reduced debarment to period already undergone by appellants
Appeal: Appeal Nos. 286, 287 and 369 of 2022 partly allowed on 17.11.2022

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Source: SecMarx — Shalabh Gaur. 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.