T. Takano

SAT-appeal

• Allegation that A. T. Rajan, as Chairman of Ricoh India Ltd.'s Financial Committee in FY 2014-15, failed to report fraud and misreporting in the company's financial statements.
  Appeals dismissed as not maintainable under Section 15T because formation of an opinion under Rule 4(3) is not an appealable order. · Challenge to SEBI's July 9, 2021 communication rejected. SEBI may proceed with the inquiry.
  Appeal: Appeal Nos. 540 and 541 of 2021, decided together and dismissed at the admission stage on August 30, 2021.
• SAT matter SATV-279D6D7FFC3EBD99296A751B
  Both appeals taken up together as issue is common · Order reserved after hearing through video conference
  Appeal: Appeal No. 540 of 2021 and Appeal No. 541 of 2021 with Misc. Applications 921-926 of 2021 heard on 11.08.2021; order reserved
• Large-scale irregularities and manipulation of Ricoh India books from FY 2012-13 causing Rs 1118 cr loss and inflated share price by painting rosy profitability.
  Appeal: Appeal No. 407 of 2018 and Appeal No. 427 of 2018 with Misc. Applications 3/2019, 532/2019, 579/2019 against WTM order; Order Reserved 11.12.2019, Date of Decision 29.01.2020
• Large-scale irregularities and manipulation of Ricoh India books from FY 2012-13 painting rosy profitability, causing Rs 1118 cr loss and misleading investors.
  Interim restraint on appellants from accessing/dealing in securities market confirmed · BSE to appoint independent auditor for forensic audit of Ricoh India books from FY 2012-13
  Appeal: Appeal Nos. 407 and 427 of 2018 with Misc. Appl. Nos. 3, 532, 579 of 2019; reserved 11.12.2019, decided 29.01.2020 by common order
• Alleged involvement in fraud and financial misstatements of Ricoh India Ltd in FY 2014-15 and 2015-16; failure as Financial Committee chairman to report fraud/misreporting.
  Appeals decided together at admission stage; opinion under Rule 4(3) held not an order under Section 15T and not maintainable in appeal · No hearing required before forming opinion to hold inquiry; challenge to email dated July 9, 2021 rejected
• SAT matter SATV-67C8207EAFCC6091700704F0
  Both appeals taken up together as issue is common · Order reserved after hearing through video conference
  Appeal: Appeal No. 540 of 2021 with Misc. Applications 921-923 of 2021 and Appeal No. 541 of 2021 with Misc. Applications 924-926 of 2021 heard together; order reserved on 11.08.2021