Susheel Somani

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal dismissed; AO's penalty order imposing Rs. 15 lakh on the appellants for violation of Regulations 3(2) read with 13(1) upheld.
Appellant permitted to pay the penalty imposed under the impugned order within three months from 1 March 2016

SAT-appeal

Failure to make a public announcement/open offer following acquisition and increase in promoter-group shareholding; alleged violation of Regulations 3(2) and 13(1).
Appeal dismissed; AO's penalty order imposing Rs. 15 lakh on the appellants for violation of Regulations 3(2) read with 13(1) upheld.
Appeal: Appeal No. 184 of 2018 decided on 17 March 2020; dismissed. Earlier Appeal No. 274 of 2014 was remanded on 1 March 2016; Appeal No. 273 of 2014 by Susheel Somani was withdrawn with permission to pay the penalty.
SAT matter SATV-1C51AE9188BAFD0C81A9C281
Appeal No. 273 of 2014 withdrawn and disposed of · Appellant permitted to pay the penalty imposed under the impugned order within three months from 1 March 2016
Appeal: Appeal No. 273 of 2014 withdrawn and disposed of on 1 March 2016
SAT matter SATV-F852862D9ECE249EC69DD163
Misc. Application No. 280 of 2020 in Appeal No. 184 of 2018 dismissed as withdrawn with liberty to approach appropriate authority
Appeal: Misc. Application No. 280 of 2020 in Appeal No. 184 of 2018 decided on 14.09.2020 - dismissed as withdrawn

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Source: SecMarx — Susheel Somani. 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.