Sunil Patel

SAT-appeal

• SAT matter SATV-00872BD3D4D8269BD7ADE6B1
  Appeals adjourned on the appellants' request · List the matters on 30 May 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 6 April 2022 and listed for 30 May 2022; no disposal on merits stated.
• Fraudulent GDR issuance scheme: GDR proceeds were pledged to fund the sole subscriber's subscription, while the loan and account-charge arrangements and sole subscription were not disclosed to investors or stock exchanges.
  Violations under Section 12A and PFUTP Regulations affirmed against the responsible appellants. · Company's three-year debarment reduced to period undergone.
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 disposed of by SAT on 22 February 2023; violations largely affirmed with relief on sanctions.
• SAT matter SATV-02155900C0D1BE202EFF38A4
  List the matters on 13 December 2022 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 462 of 2021, 463 of 2021 and 461 of 2021 were pending before SAT; listed on 13 December 2022
• SAT matter SATV-0806A9216E9624816E28DF45
  Appeals adjourned on the appellants' request · List the matters on June 23, 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 30 May 2022 and listed for 23 June 2022; no final disposal stated
• SAT matter SATV-13C4A14E5526D6BACF3F3C59
  Order reserved in the connected appeals and miscellaneous applications · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 were heard; order reserved on 10 January 2023
• SAT matter SATV-154F47C214A17C63E4BCE307
  Appeals adjourned at the appellants’ request · List Appeals Nos. 461-463 of 2021 on 30 May 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021; adjourned on 6 April 2022 and listed for 30 May 2022
• Alleged fraudulent GDR scheme involving undisclosed financing and pledge arrangements, misleading disclosure that the issue was fully subscribed, and non-disclosure that one entity subscribed the entire issue.
  Company’s three-year debarment reduced to the period already undergone while violation was affirmed. · Two-year debarments of S.K. Somany, A.K. Somany and P. Bandyopadhyay affirmed.
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 disposed by SAT order dated 22 February 2023; connected miscellaneous applications also considered.
• SAT matter SATV-1AE3122EB73A44BF923DCDED
  Order reserved in the connected appeals and miscellaneous applications
  Appeal: Appeal Nos. 461 of 2021, 462 of 2021, 463 of 2021, 956 of 2022, 957 of 2022 and 958 of 2022; order reserved on 10 January 2023
• SAT matter SATV-20A7DDC047F049DCE9F16E1E
  Appeals adjourned at the appellants' request · List the matters on 10 November 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 14 October 2022; listed for 10 November 2022. No disposal on merits stated.
• SAT matter SATV-1E2583756C69F8D3063C0995
  Delays in filing Appeals Nos. 461, 462 and 463 of 2021 condoned · SEBI to file replies within three weeks
  Appeal: Appeal Nos. 461, 462 and 463 of 2021; delay condoned on 9 July 2021; matters adjourned for admission and final disposal on 16 September 2021
• SAT matter SATV-285A73ABE6E0E6089993BE0A
  Rejoinder to be filed by the appellants · Matters stood over to 8 November 2021 for admission and final disposal
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 16 September 2021 to 8 November 2021; no disposal on merits stated
• SAT matter SATV-266DB0A900E1AF37B0ABD862
  List the matters for admission and final disposal on 28 February 2022 · Parties to contact the Registrar 48 hours before the hearing date regarding video or physical hearing
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were pending; listed for admission and final disposal on 28 February 2022.
• SAT matter SATV-2EBDED1DA85001F14EC55CED
  Hard copy of the rejoinder to be filed within one week from 17 December 2021 · Matters listed for 21 January 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were pending; listed for 21 January 2022
• SAT matter SATV-32E9E5660B939D43F6869461
  File hard copy of rejoinder within a week · List matters on January 21, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending; listed next on January 21, 2022
• SAT matter SATV-3BD0E6A4D448CA779D1986C8
  File hard copy of rejoinder within a week from 17.12.2021 · List matters on January 21, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending before SAT; adjourned to January 21, 2022
• SAT matter SATV-46533D04916657B8AD86506A
  Delay in filing Appeals No.461-463 of 2021 condoned; Misc. Applications No.674,731,768 of 2021 allowed · Respondent SEBI to file reply within three weeks; appellants to file rejoinder three weeks thereafter
  Appeal: Appeal Nos.461,462,463 of 2021 with Misc. Applications No.674,731,768 of 2021; delay condoned on 9.7.2021; pending, listed for admission and final disposal on 16 September 2021
• SAT matter SATV-40876698E1008DC6A7DFB542
  Matter adjourned on the appellants' request. · List the appeals on 6 April 2022.
  Appeal: Appeals Nos. 461, 462 and 463 of 2021 were adjourned on 28 February 2022 and listed for 6 April 2022; no disposal on merits mentioned.
• SAT matter SATV-7159B272BBA0130F35C85D08
  File hard copy of rejoinder within a week from today · List matters on January 21, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications Nos. 674, 731, 768 of 2021 pending; adjourned to 21 January 2022
• SAT matter SATV-8541930D568455116D823353
  Connect with Appeal No.461 of 2021 and list on 13 December 2022 · Delay in filing appeals condoned; Misc. Applications allowed
  Appeal: Appeals Nos.956, 957, 958 of 2022 pending; delay condoned; connected with Appeal No.461 of 2021
• Fraudulent GDR scheme involving undisclosed financing and pledge of GDR proceeds, misleading disclosure that the issue was fully subscribed, and non-disclosure of the sole subscriber and loan arrangements.
  Violation under Section 12A of the SEBI Act and Regulations 3 and 4 of PFUTP Regulations affirmed. · Company’s three-year debarment reduced to the period undergone.
  Appeal: Appeals Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 decided by SAT on 22 February 2023.
• SAT matter SATV-96D8CEEEA05C6B24B97D8022
  Adjourned on request of the appellants · List on June 23, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending; adjourned
• SAT matter SATV-533D8D45551590AE6B6EF35B
  Appeals adjourned on the appellants' request · List the matters on 30 May 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 6 April 2022; next listed on 30 May 2022
• SAT matter SATV-BB03C5BB9B167011FAB98592
  Pleadings complete; matter listed for admission and final disposal on 28 February 2022 · Parties to contact Registrar 48 hours before fixed date on VC vs physical hearing
  Appeal: Misc. Applications 674, 731, 768 of 2021 and Appeals 461, 462, 463 of 2021 pending; pleadings complete, next date 28 Feb 2022
• SAT matter SATV-C6A1C9A04372225037569F8B
  List all matters on September 26, 2022 · Parties to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending; adjourned to September 26, 2022
• SAT matter SATV-CE6A2EC8E4982FB4C937A18C
  Stand over to November 8, 2021 for admission and for final disposal · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending before SAT; adjourned to 8 November 2021
• SAT matter SATV-D28BAA8B3629590DB3817CEF
  Stand over to November 8, 2021 for admission and for final disposal · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Misc. Application Nos. 674, 731, 768 of 2021 in Appeal Nos. 461, 462, 463 of 2021 adjourned to November 8, 2021 for admission and final disposal; rejoinder pending
• SAT matter SATV-FB2BA53F6AC1E0735666808C
  Order reserved after hearing learned counsel for parties · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 with Misc. Applications 674, 731, 768 of 2021 - heard on 10.01.2023, order reserved, not disposed
• SAT matter SATV-4FDB6909D6FA3D0969FA18FC
  List Miscellaneous Applications and Appeals on 26 September 2022 · Parties to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were pending and listed for 26 September 2022; no disposal on merits stated
• SAT matter SATV-F75C9EA1326652A22EE56C39
  Heard counsel for parties, order reserved · Parties to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 with Misc. Applications 674, 731, 768 of 2021 heard on 10.01.2023, order reserved
• SAT matter SATV-660FF0F5986138084E518E7E
  The appeals were adjourned on the appellants' request. · List the matters on 14 October 2022.
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 26 September 2022; next listed on 14 October 2022.
• SAT matter SATV-694BACF3A20DA5BABA4E388D
  Appeals adjourned on appellants' request · List Appeals 461, 462 and 463 of 2021 on 23 June 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 30 May 2022 and directed to be listed on 23 June 2022; no final disposal stated.
• SAT matter SATV-717165616EC6C8AAE732ACD7
  Matter adjourned at the request of the appellants' counsel · List the appeals on 6 April 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 were adjourned on 28 February 2022 and listed for 6 April 2022; no disposal on merits
• SAT matter SATV-5CFDF9AE0F392F779B85F903
  Adjourned on request of appellants' counsel · List on October 14, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending; adjourned vide order dated 26.09.2022 to 14.10.2022
• Fraudulent GDR scheme pledging GDR proceeds as security for loan to sole subscriber Whiteview with non-disclosure and misleading fully-subscribed announcement.
  Company 3-year debarment reduced to period undergone; violation affirmed · 2-year debarment of S.K. Somany, A.K. Somany, P. Bandyopadhyay upheld
• Fraudulent GDR issue where proceeds were pledged to fund sole subscriber Whiteview and pledge/loan and single-subscriber fact not disclosed, misleading investors.
  Affirmed violation of Sec 12A and PFUTP Reg 3-4 for Company and directors · Company 3-year debarment reduced to period undergone
• SAT matter SATV-655EE02C23039B1C46C5F761
  Three weeks time allowed to appellants to file rejoinder · List matters on December 17, 2021
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 pending before SAT; adjourned to December 17, 2021 for filing rejoinder
• SAT matter SATV-6FE20E030DB1A4F7330874F5
  Adjourned on request of appellants' counsel · List on October 14, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending - adjourned to October 14, 2022
• SAT matter SATV-85269F8503DCBFF6B6FA8549
  Hearing concluded and order reserved · Parties to act on digitally signed copy issued by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 and Appeal Nos. 956, 957, 958 of 2022 - heard on 10.01.2023, order reserved
• SAT matter SATV-8216F68C4F1637B3B9854DAA
  Adjourned on request of learned counsel for respondent SEBI · List on August 22, 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 with Misc. Applications 674, 731 and 768 of 2021 pending; adjourned on 27.07.2022, next date 22 August 2022, no disposal on merits
• SAT matter SATV-91F85D4A689312B6A497AC49
  Pleadings complete; listed for admission and final disposal on 28 February 2022 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos.461, 462 and 463 of 2021 with Misc. Applications Nos.674, 731 and 768 of 2021 pending; pleadings complete, listed for admission and final disposal on 28 February 2022
• SAT matter SATV-9FB2FD43C5BCDED019AB3AF0
  Adjourned on request of appellant's counsel · List on April 6, 2022
  Appeal: Appeal Nos. 461, 462, 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 adjourned on 28.02.2022 to 06.04.2022; no final disposal
• Fraudulent GDR issue where USD 17.2975 mn proceeds pledged via undisclosed account-charge/loan to fund sole subscriber Whiteview, with misleading disclosure that issue was fully subscribed.
  Affirmed violation of Sec 12A SEBI Act and Reg 3,4 PFUTP for Company and directors · Company debarment of 3 years reduced to period undergone
  Appeal: Appeal Nos. 461,462,463 of 2021 and 956,957,958 of 2022 with Misc Appl. 674,731,768 of 2021 disposed on 22.02.2023, reserved on 10.01.2023
• SAT matter SATV-A02D27B4A413B2CD79854688
  Delay condoned; Misc Applications 674, 731, 768 of 2021 allowed · SEBI to file reply within three weeks; appellants to file rejoinder within three weeks thereafter
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 pending; delay condoned, listed for admission and final disposal on 16 September 2021
• SAT matter SATV-AA9576C9AA6013BAA95A8AAA
  List Appeal No. 463 of 2021 on July 9, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal No. 463 of 2021 with Misc. Application No. 768 of 2021 pending before SAT; adjourned to July 9, 2021 with no disposal on merits
• SAT matter SATV-C7784D8C1A4CCC54B56D597D
  Three weeks' time allowed to appellants to file rejoinder in Appeal No. 956 of 2022 · All matters adjourned and listed on January 10, 2023
  Appeal: Appeal Nos. 461, 462, 463 of 2021 and 956, 957, 958 of 2022 pending before SAT; adjourned to 10 January 2023
• SAT matter SATV-DD217CDD7778A00B646E4D3A
  Heard counsel for parties, order reserved · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 461/2021, 462/2021, 463/2021, 956/2022, 957/2022, 958/2022 with Misc. Applications 674/2021, 731/2021, 768/2021 - heard on 10.01.2023, order reserved
• SAT matter SATV-EEC90182C6B8711F3D5AC04B
  Adjourned on request of counsel for SEBI · List on July 27, 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 pending; adjourned to July 27, 2022
• SAT matter SATV-EDCDC429ED4B8E56B68F1E85
  File hard copy of rejoinder within a week from 17.12.2021 · List matters on January 21, 2022
  Appeal: Appeal Nos. 461, 462 and 463 of 2021 with Misc. Applications 674, 731, 768 of 2021 pending; adjourned on 17.12.2021, not disposed