Soumen Ghosh
Penalties and directions recorded
- Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
- Impugned WTM orders against both appellants quashed
- Appeals allowed and matters remitted to WTM for de novo proceedings
- Appellants remain subject to directions to wind up the CIS and refund investors.
- Appeals allowed; impugned WTM orders against both appellants quashed
SAT-appeal
- SAT matter SATV-4C8971BD91479D170990C0F8Appellant allowed one week and no more time to file scanned copies of memo of appeal etc. · Matter listed on March 7, 2022Appeal: Appeal No. 171 of 2020 pending; adjourned to March 7, 2022
- Company floated unregistered Flexi Potato Purchase Scheme held to be an unregistered collective investment schemeSAT dismissed Appeal Nos. 171 and 172 of 2020 with no order as to costs · Affirmed direction to wind up CIS and refund money per final order dated 09 Jul 2013Appeal: Appeal Nos. 171 and 172 of 2020 dismissed on 07.03.2022 with no order as to costs
- Alleged operation of unregistered Collective Investment Scheme through potato purchase scheme soliciting public funds promising huge returns.Impugned WTM orders against both appellants quashed · Appeals allowed and matters remitted to WTM for de novo proceedingsAppeal: Appeal Nos. 401 of 2018 and 402 of 2018 allowed and disposed on 04.09.2019 after hearing on 29.08.2019
- Running the unregistered “Flexi Potato Purchase Scheme”, which was found to constitute an unregistered collective investment scheme.Appeal Nos. 171 and 172 of 2020 dismissed. · Appellants remain subject to directions to wind up the CIS and refund investors.Appeal: Appeal Nos. 171 and 172 of 2020 dismissed on 7 March 2022; no order as to costs.
- SAT matter SATV-72B56016F0391F54268FF61DImpugned WTM order dated 9 July 2013 quashed and set aside qua appellant · WTM of SEBI to pass fresh order on merits after hearing appellant in accordance with lawAppeal: Appeal No.313 of 2017 with Misc. Application No.289 of 2017 disposed on 18.12.2017
- Alleged operation of unregistered Collective Investment Scheme by Sumangal Industries Ltd collecting public funds promising huge returnsAppeals allowed; impugned WTM orders against both appellants quashed · Matters remitted to WTM to issue fresh show cause notice and proceed de novoAppeal: Appeal Nos. 401 and 402 of 2018 heard 29.08.2019, decided 04.09.2019; both allowed, impugned orders quashed and remanded
Source: SecMarx — Soumen Ghosh. 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.