Shivshankar Joshi

SAT-appeal

• Essar (India) Limited allegedly funded the appellants' preferential allotment subscriptions, creating a false impression of fund infusion and constituting an unfair trade practice.
  Impugned AO orders imposing penalties were quashed and set aside. · All three appeals were allowed with no order as to costs.
  Appeal: Appeal Nos. 650, 658 and 952 of 2022 were allowed by SAT on 31 October 2023; impugned AO orders were quashed.
• Essar (India) Ltd allegedly funded its own preferential allotment to appellants, creating false impression of fund infusion.
  AO orders quashed; Appeal Nos. 650, 658, 952 of 2022 allowed · No order as to costs; Misc. Applications 1693/2022, 1430/2022 disposed
  Appeal: Appeal Nos. 650, 658, 952 of 2022 allowed on 31.10.2023; AO penalty orders quashed
• Essar (India) Ltd allegedly funded allottees' subscription to its own preferential allotment, creating false impression of fund infusion - unfair trade practice.
  AO impugned orders quashed · Appeal Nos. 650/2022, 658/2022 and 952/2022 allowed
  Appeal: Appeal Nos. 650/2022, 658/2022 and 952/2022 allowed vide SAT decision dated 31.10.2023 (reserved 25.04.2023)