Sybly Industries Ltd.

SAT-appeal

• Alleged fraudulent GDR financing scheme: GDR proceeds were pledged to fund the sole subscriber, Vintage FZE, while the loan and pledge arrangements and sole subscription were not disclosed to stock exchanges or investors.
  Eight appeals against WTM and AO orders were decided together; operative final disposal is not included in the provided text.
  Appeal: Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019; hearing 27 April 2022 and decision 14 July 2022. Disposal terms are not included in the provided text.
• SAT matter SATV-084F77084AFCF399E0623F71
  Order reserved; parties directed to act on the digitally signed copy
  Appeal: Appeals Nos. 381, 382, 384, 385 and 386 of 2019 were heard; order reserved on 27 April 2022.
• SAT matter SATV-13F4CF097F415AB125CBDC92
  Matter heard and order reserved · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 381, 382, 384, 385 and 386 of 2019 were heard on 27 April 2022; order reserved. No disposal outcome stated.
• Alleged fraudulent GDR scheme involving undisclosed pledge and loan arrangements that funded the sole GDR subscriber, together with misleading disclosures and non-disclosure of material information.
  Appeals 381, 382, 384, 385, 386, 387, 389 and 390 of 2019 were decided together; order text supplied does not include the final operative disposal directions.
  Appeal: SAT Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019; hearing on 27 April 2022 and decision dated 14 July 2022.
• SAT matter SATV-25CF5E978E0E59146241CCE1
  Order reserved in the connected appeals and miscellaneous application · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 heard together; order reserved on 27 April 2022
• SAT matter SATV-19F82863299101E941BC47EE
  Appeals adjourned for the day. · Matters listed for hearing on 18 May 2021.
  Appeal: Appeal Nos. 381, 382, 384, 385 and 386 of 2019 were adjourned on 22 April 2021 and listed for 18 May 2021; no disposal on merits mentioned.
• Alleged fraudulent GDR issue scheme: the sole subscriber, Vintage FZE, used a loan secured by the GDR proceeds to subscribe, while the pledge and loan arrangements and sole subscription were not disclosed.
  Appeal: Appeal Nos.381, 382, 384, 385, 386, 387, 389 and 390 of 2019, heard 27 April 2022; decision dated 14 July 2022. The excerpt does not state disposal directions or result.
• SAT matter SATV-2E318D63AF95A30035F90AEA
  Order reserved; parties directed to act on the digitally signed copy
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 listed; order reserved on 27 April 2022
• Fraudulent GDR scheme where GDR proceeds pledged with EURAM Bank to fund sole subscriber Vintage FZE, with non-disclosure of pledge/loan agreements and misleading fully-subscribed disclosure.
  WTM common order dated 16 January 2018 restrained Company and Directors from securities market for five years · AO orders dated March 2019 imposed penalties ranging from Rs.10 lakhs to Rs.10.30 crores
  Appeal: Eight Appeals Nos.381,382,384,385,386,387,389,390 of 2019 against WTM order 16 Jan 2018 and AO orders Mar 2019; heard 27.4.2022, decided 14.7.2022
• SAT matter SATV-43317552505D01948ABD8A7C
  Order reserved after hearing learned counsel for parties · Parties to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 heard on 27.04.2022; order reserved, not finally disposed
• SAT matter SATV-6167BE0DB9EEF05EB4A521FB
  List Appeal Nos. 387, 389, 390 of 2019 on January 11, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 with Misc. Application No. 947 of 2021 pending; next listed on January 11, 2022
• Fraudulent GDR scheme pledging GDR proceeds with EURAM Bank to fund sole subscriber Vintage FZE and misleading fully-subscribed disclosure without disclosing pledge/loan agreements.
  WTM common order: Company and Directors restrained from accessing securities market for 5 years · AO orders: penalties ranging from Rs 10 lakhs to Rs 10.30 crores
  Appeal: Appeal Nos. 381, 382, 384, 385, 386, 387, 389, 390 of 2019, hearing 27.4.2022, decision 14.7.2022
• SAT matter SATV-791DF9E18C0C658870EB04D9
  List Appeals 387, 389 and 390 of 2019 on January 11, 2022 · Parties to take instructions from Registrar 48 hrs before on VC vs physical hearing
  Appeal: Appeal Nos. 387, 389, 390 of 2019 with Misc. Application No. 947 of 2021 pending; next listed January 11, 2022
• Fraudulent GDR scheme where GDR proceeds were pledged to fund sole subscriber Vintage FZE and pledge/loan agreements and single-subscriber fact not disclosed to exchange/investors.
  WTM common order dated 16 January 2018 restrained Company and Directors from accessing securities market for five years · AO orders dated March 2019 imposed penalties ranging from Rs.10 lakhs to Rs.10.30 crores
  Appeal: Eight appeals Nos. 381, 382, 384, 385, 386, 387, 389, 390 of 2019 heard 27.04.2022, decided 14.07.2022 together on common facts
• SAT matter SATV-93E4A6C1CF5CB8FC3888F85B
  Adjourned and listed on May 18, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 381, 382, 384, 385 and 386 of 2019 pending; adjourned to May 18, 2021 by order dated 22.04.2021
• SAT matter SATV-9B9251D034593A3E2D28F356
  Adjourned for the day, list on June 28, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 adjourned on 18.05.2021, listed on June 28, 2021; not disposed
• SAT matter SATV-988B2AF5B9B1701130C71397
  Adjourned on request due to non-availability of arguing counsel · List on June 28, 2021
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 pending; adjourned to June 28, 2021, not disposed on merits on 18.05.2021
• SAT matter SATV-9E946D536E88D5A044CA4909
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 heard on 27.04.2022; order reserved, not disposed
• SAT matter SATV-4C7E2341D818F3B8B94AAD3A
  Adjourned for the day due to non-availability of arguing counsel · Matters listed for 28 June 2021
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 were adjourned on 18 May 2021 and listed for 28 June 2021; no disposal on merits stated
• SAT matter SATV-CD39AA114B5C045A19F8B198
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy of order
  Appeal: Appeal Nos. 387, 389, 390 of 2019 with Misc. Application No. 947 of 2021 - order reserved on 27.04.2022
• Fraudulent GDR scheme where GDR proceeds were pledged with EURAM Bank to fund sole subscriber Vintage FZE, with non-disclosure of pledge/loan agreements and misleading fully-subscribed disclosure.
  WTM order: Company and Directors restrained from accessing securities market for 5 years · AO orders: penalties ranging from Rs.10 lakhs to Rs.10.30 crores on Company and Directors
  Appeal: Eight appeals Nos. 381, 382, 384, 385, 386, 387, 389, 390 of 2019 heard on 27.4.2022, decided on 14.7.2022, decided together on common facts
• SAT matter SATV-51BC8A987A99E2CDF64DCCCD
  Adjourned for the day due to non-availability of arguing counsel · Matters listed for 28 June 2021
  Appeal: Appeal Nos. 381, 382, 384, 385 and 386 of 2019; adjourned on 18 May 2021 and listed for 28 June 2021
• SAT matter SATV-E080F867B1A007175E91986F
  Adjourned for the day · List on May 18, 2021
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 adjourned on 22.04.2021 and listed on May 18, 2021; not disposed
• SAT matter SATV-E600D5C92102AEF4272EE05C
  Adjourned for the day on request for adjournment · List on June 28, 2021
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 pending; adjourned to 28 June 2021, not disposed
• SAT matter SATV-F262603C009DEF55D3F89B7E
  Adjourned for the day on 22.04.2021 · List on May 18, 2021
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 pending before SAT; adjourned on 22.04.2021 to May 18, 2021
• SAT matter SATV-F85F4E0B0E1DA9ECB111E735
  List Appeal Nos. 387, 389 and 390 of 2019 on April 14, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 pending before SAT; next listed on April 14, 2021
• SAT matter SATV-5C6C432DE28412A82EF3B841
  Matters adjourned for the day · List the appeals on 18 May 2021
  Appeal: Appeal Nos. 381, 382, 384, 385 and 386 of 2019 were adjourned on 22 April 2021 and listed for 18 May 2021; no disposal on merits stated
• SAT matter SATV-75DF3152E1E7B11D3A691122
  Appeals listed for 11 January 2022 · Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Misc. Application No. 947 of 2021 and Appeals Nos. 387, 389 and 390 of 2019 listed for further hearing on 11 January 2022; no disposal on merits
• SAT matter SATV-77954E95AF0A8006940BAC5D
  Adjourned for the day on request for adjournment · List on June 28, 2021
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 adjourned vide SAT order dated 18.05.2021 to June 28, 2021
• SAT matter SATV-8C970642CB13895F4069AB68
  Adjourned on request for non-availability of arguing counsel · List on June 28, 2021
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 adjourned on 18.05.2021; next listed on June 28, 2021
• SAT matter SATV-CCDF86FC5E9A99C68769BCB6
  List matters on April 14, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 pending; adjourned vide order dated 26.02.2021 to April 14, 2021
• SAT matter SATV-C7189966E3EC4630086D2F71
  List matters on April 14, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 pending; adjourned to April 14, 2021 vide order dated 26.02.2021
• SAT matter SATV-D3CA09E3A37CF4F1C5C2416A
  Hearing concluded and order reserved on 27.04.2022 · Parties to act on digitally signed copy by Private Secretary
  Appeal: Appeal Nos. 381, 382, 384, 385, 386 of 2019 heard on 27.04.2022; order reserved, not finally disposed
• SAT matter SATV-E46B956F8C278F6DF9250537
  Adjourned for the day on request for adjournment · List on June 28, 2021
  Appeal: Appeal Nos. 387, 389 and 390 of 2019 pending; adjourned to June 28, 2021
• SAT matter SATV-FCA6D9BB694E77CDF3EF065A
  List on August 11, 2021 · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 381, 382, 384, 385, 386, 387, 389, 390 of 2019 pending; adjourned to 11 August 2021 vide order dated 28.06.2021
• Fraudulent GDR issue of 1.5 mn GDRs for USD 6.99 mn subscribed solely by Vintage FZE via loan secured by pledge of GDR proceeds, with non-disclosure of pledge/loan and misleading fully-subscribed announcement.
  WTM common order restrained Company and Directors from accessing securities market for five years · AO orders imposed penalties ranging from Rs.10 lakhs to Rs.10.30 crores
  Appeal: Appeal Nos. 381, 382, 384, 385, 386, 387, 389, 390 of 2019 before SAT; hearing 27.4.2022, decision 14.7.2022