Shri Indranil Chattopadhyay
Penalties and directions recorded
- Recovery proceedings to continue till WTM order 15.01.2016 and SAT orders complied
- Prayer to quash Recovery Certificate and bank/MF/demat attachment orders rejected
- Appellants to pay costs of Rs.2 lakhs to SAT Registrar, else SEBI to recover and deposit
- Deposit Rs.8,12,500 with SEBI within one week from today
- SEBI to verify claim of repayment of Rs.2,51,94,100 and determine interest quantum
SAT-appeal
- Issuance of Redeemable Preference Shares (RPS) in violation of Companies Act as deemed public issue, requiring refund with interest.Appeal No. 623 of 2021 dismissed summarily at admission stage without calling for reply · Recovery proceedings to continue till WTM order 15.01.2016 and SAT orders compliedAppeal: Appeal No. 623 of 2021 dismissed summarily on 04.10.2021; prior Appeal No. 24 of 2020 dismissed with costs on 29.01.2020
- Issuance of Redeemable Preference Shares to 3981 persons collecting Rs.2,51,94,100 during 2005-06 to 2012-13 in violation of Sections 56, 60, 73 of Companies Act, 1956 as deemed public issue.Appeal No.24 of 2020 dismissed at admission stage for lack of merit · Prayer to quash Recovery Certificate and bank/MF/demat attachment orders rejectedAppeal: Appeal No.24 of 2020 dismissed at admission stage on 29 January 2020; prior Appeal No.76 of 2016 disposed on 28 April 2016 with conditional compliance directions
- Unauthorized collection of funds by appellant company through issuance of Redeemable Preference Shares (RPS) requiring refund with interest.Deposit Rs.8,12,500 with SEBI within one week from today · Comply with para 11.1(e)&(f) of impugned order within three weeks from todayAppeal: Appeal No.76 of 2016 disposed of on 28/04/2016 with conditional compliance directions
Source: SecMarx — Shri Indranil Chattopadhyay. 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.