Superior Financial Consultancy Services Pvt. Ltd.

SAT-appeal

• Alleged aiding and abetting of fictitious/backdated GECS and related securities transactions to inflate Niskalp's profits and support false disclosures in Tata Finance Limited's rights-issue letter of offer.
  Appeal: Appeal Nos. 222 of 2016 and 281 of 2016 were heard together and disposed of by the SAT decision dated 30 May 2018; the excerpt does not state the final operative disposal directions.
• SAT matter SATV-18D7E1769D8C7723E10A3C19
  Appellants permitted to sell the shares listed in the application exhibits · Appellants permitted to utilize the sale proceeds
  Appeal: Miscellaneous Application No. 189 of 2016 in Appeal No. 222 of 2016 disposed of on 26 September 2016; no order as to costs
• Selling shares of various companies in excess of the limits permitted by SAT's order dated 26 September 2016.
  Invest amounts received from sale of shares exceeding SAT-prescribed limits in a fixed deposit with a nationalized bank. · Furnish the original fixed deposit receipt to SEBI forthwith.
  Appeal: Miscellaneous Application No. 283 of 2016 in Appeal No. 222 of 2016 disposed of on 23 November 2016
• Backdating sale/purchase of GTL and GECS shares to record fictitious profits in Niskalp books and misstate TFL rights issue letter of offer dated 20.03.2001; brokers alleged to have aided and abetted.
  WTM order 21.06.2016: appellants restrained from accessing securities market and prohibited from buying/selling/dealing for 3 years · WTM order: A.L. Shilotri additionally restrained from holding key managerial position in listed company for 3 years