Shublaxmi Jewel Art Limited

SAT-appeal

• Appellant alleges payment of Rs. 2 crores to Shublaxmi Jewel Art Limited on 19.04.2023 against promised return of Rs. 5.85 crores and seeks SEBI investigation into affairs of the company.
  Matter adjourned and to be called on June 10, 2025 finally
  Appeal: Appeal No. 240 of 2025 along with Misc. Application Nos. 305 and 599 of 2025 pending before SAT; adjourned vide order dated 09.05.2025
• Appellant sought SEBI SCORES direction for refund of Rs 2 crore paid in Jan 2022 for Shublaxmi Jewel shares with profit-sharing understanding after price fall to Rs 14.
  Appeal No. 240 of 2025 disposed of with no interference in SEBI SCORES complaint closure · Appellant at liberty to enforce contractual claim in accordance with law before jurisdictional Civil Court
  Appeal: Appeal No. 240 of 2025 with Misc. Application Nos. 305 and 599 of 2025 disposed of on 10 June 2025