Shreyanshnath Shares and Financial Services Private Limited

SAT-appeal

• RDB Rasayan IPO proceeds routed circuitously through web of interconnected entities to Sardhav and then to four loss-making listing-day buyers to fund T+2 pay-in, violating fraud/manipulation prohibitions.
  Delay of 5 days in Appeal Nos. 180 and 181 of 2014 condoned · AO's findings upheld that IPO money routed via interconnected entities to enable T+2 payment
  Appeal: Appeal Nos.93,104,180,181 of 2014 decided 19/12/2014; Tribunal upheld AO's conclusions against all appellants
• RDB Rasayans IPO proceeds routed circuitously through interconnected entities to fund four loss-making listing-day buyers to meet T+2 pay-in obligations.
  Misc. Applications 73 and 74 of 2014 - 5 days delay condoned and disposed · Appeal Nos. 93, 104, 180, 181 of 2014 heard together, lead order in 93 of 2014 applies to all
  Appeal: Appeal Nos. 93, 104, 180, 181 of 2014 decided 19/12/2014 - AO findings upheld, appeals effectively dismissed
• RDB Rasayan IPO proceeds allegedly routed circuitously via connected entities to fund loss-making listing-day buyers to meet T+2 pay-in obligations.
  Delay of 5 days in Appeal 180 and 181 condoned · Findings of Adjudicating Officer upheld
  Appeal: Appeal Nos. 93, 104, 180 and 181 of 2014 decided on 19/12/2014 - AO findings upheld