Shobhendra Mansukhlal Daruwala

SAT-appeal

• Alleged irregularities and incorrect submissions/declarations in the voluntary delisting process, along with alleged fraudulent acts by the company and promoters. SEBI was investigating trading activities of various entities in the company's scrip.
  SEBI directed to complete the investigation expeditiously, preferably within six months from 21 February 2019 · Amount deposited in the escrow account to be refunded to the promoters
  Appeal: Appeal Nos. 12, 48 and 49 of 2019 disposed of by SAT on 21 February 2019; Miscellaneous Application No. 17 of 2019 also disposed of.
• Alleged irregularities in voluntary delisting process via incorrect submissions for BSE in-principle approval, violating Delisting Regulations and alleged fraudulent acts.
  All three appeals (Nos.12, 48 and 49 of 2019) disposed of · SEBI to complete Section 11C investigation expeditiously
  Appeal: Appeal Nos.12, 48 and 49 of 2019 disposed of by SAT order dated 21.2.2019
• Alleged irregularities in voluntary delisting process and incorrect submissions for in-principle approval, violating Delisting Regulations and PFUTP Regulations.
  All three appeals Nos. 12, 48 and 49 of 2019 disposed of · SEBI to complete Section 11C investigation expeditiously
  Appeal: Appeal Nos. 12 of 2019, 48 of 2019 and 49 of 2019 disposed of by SAT order dated 21.02.2019