Sujoy Nandi

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal partly allowed; WTM refund order modified to limit appellant joint and several liability to Rs 17.39 crores plus interest

SAT-appeal

SAT matter SATV-B18E384EC74349D04BC5B05D
Appeal dismissed for want of prosecution due to non-appearance of appellant
Appeal: Appeal No. 270 of 2016 dismissed for want of prosecution on 20.12.2017
GBC Enterprises Ltd mobilized funds from public via offer and issue of Redeemable Preference Shares in violation of Sections 56, 60 r/w 2(36), 73 Companies Act 1956 and NCRPS Regulations
Appeal partly allowed; WTM refund order modified to limit appellant joint and several liability to Rs 17.39 crores plus interest · Refund with interest at 15% p.a. compounded half-yearly retained for capped amount; market restraint otherwise continues
Appeal: Appeal No. 270 of 2016 decided on 04.09.2019 - partly allowed with reduced refund liability

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Source: SecMarx — Sujoy Nandi. 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.