Tabraiz

SAT-appeal

• The appeal concerns recovery of a jointly and severally refundable amount arising from the SEBI WTM's ex-parte order; the appellant was treated as a beneficiary of funds received through company activities.
  Recovery proceedings against the appellant stayed subject to deposit of 50% of the amount received by him. · Appellant directed to deposit Rs. 1.20 crore.
  Appeal: Miscellaneous Application No. 937 of 2025 in Appeal No. 381 of 2025 disposed of on 9 September 2025; stay granted conditionally.
• Alleged collection of course fees via payment gateway through Golden Syndicate Ventures leading to joint and several refund of Rs. 16,89,35,792.
  Stay of recovery proceedings subject to deposit of Rs. 1.20 Crores (50% of amount received) · SEBI to keep deposited amount in interest bearing account
  Appeal: Misc. Application No. 937 of 2025 in Appeal No. 381 of 2025 disposed on 09.09.2025 with conditional stay; appeal filed with 195 days delay