Uma Karthikeyan

SAT-appeal

• SAT matter SATV-1B7516E54D059FB619E717FD
  Appeals listed for hearing on 19 April 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 513 of 2020 and 514 of 2020 were listed for hearing on 19 April 2021; no disposal on merits recorded
• SAT matter SATV-20CA0D37DBF58EC3C71628D3
  List Appeals Nos. 43, 51, 89, 513 and 514 of 2020 on 19 April 2021 · Parties to obtain Registrar's instructions 48 hours before the hearing regarding video conference or physical hearing
  Appeal: Appeal Nos. 43, 51, 89, 513 and 514 of 2020 were adjourned and listed for 19 April 2021; no disposal on merits
• SAT matter SATV-219ED447EEDD5953A60E575C
  Impugned SEBI order quashed · Appeal allowed
  Appeal: Appeal No. 714 of 2022 allowed on 20 October 2022; impugned order quashed.
• SAT matter SATV-2736794E1D60BA327A3CE95C
  SEBI to furnish the appellants a copy of its instructions to the bank within 48 hours. · Appellants to serve the bank with SEBI's letter and request defreezing of their accounts.
  Appeal: Appeal No. 515 of 2020 disposed of by SAT on 21 December 2020; Misc. Application No. 551 of 2020 concerned delay.
• SAT matter SATV-2AB85568D18FE26A9D636217
  List appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Applications 202/2021, 549/2020, 550/2020 pending; adjourned to 19 May 2021 with no disposal
• Alleged fraud in GDR issues of April/May 2008 violating Section 12A and PFUTP Regs 3 & 4, leading to direction to bring back USD 27.244 million.
  Delay condoned and both appeals allowed with no order as to costs · Impugned AO/WTM orders quashed qua appellant for violation of natural justice
  Appeal: Appeal Nos. 513 and 514 of 2020 with Misc. Applications 549-550 of 2020 allowed on 19.05.2021; impugned orders quashed qua appellant and remanded
• SAT matter SATV-556C26E971A98D0BB3EC6C98
  List on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 513 of 2020, 514 of 2020 with Misc. Applications 202 of 2021, 549 of 2020, 550 of 2020 adjourned to 19 May 2021
• SAT matter SATV-525EB9DE9A8891A9B71C83BA
  List on July 06, 2022 along with Appeal No. 43 of 2020
  Appeal: Misc. Application No. 612 of 2022 in Appeal No. 336 of 2022 pending, listed on July 06, 2022
• SAT matter SATV-6EFFAA42B55301A09064C2DA
  Respondent SEBI to file reply to delay condonation applications and memo of appeal · Appellant permitted to file rejoinder thereafter
  Appeal: Appeal Nos. 513 and 514 of 2020 with Misc. Applications Nos. 549 and 550 of 2020 for condonation of delay pending; reply/rejoinder stage, listed 15 February 2021
• Fraudulent GDR scheme where USD 27.50 mn proceeds pledged as security to fund sole subscriber Clifford, with non-disclosure and misleading fully-subscribed announcement.
  Upheld AO finding of fraud under Sec 12A and PFUTP Regs 3,4 · Upheld Rs 5 crore penalty on A Venkataramani
• SAT matter SATV-8760C9C8E92D455E7BE66F6A
  List matters on 19 May 2021 · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
  Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Application Nos. 202 of 2021, 549 and 550 of 2020 pending; adjourned to 19 May 2021 vide order dated 19.4.2021
• Fraudulent GDR issue where USD 27.50 mn proceeds pledged as security to fund sole subscriber, with misleading fully-subscribed announcement and non-disclosure.
  Affirmed AO finding of fraudulent GDR scheme violating Sec 12A and PFUTP Regs 3,4 · Upheld Rs 5 crore penalty on A Venkataramani per AO order 29 Nov 2019
  Appeal: Appeals No. 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 decided 02.09.2022 (reserved 26.08.2022); findings upheld with modification noted
• SAT matter SATV-90FDAAB8ACA537224D14878B
  Listed on 6 July 2022 along with Appeal No. 43 of 2020 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal No. 337 of 2022 pending, listed on 6 July 2022 along with Appeal No. 43 of 2020
• Alleged fraud in GDR issuances of April and May 2008 in violation of Section 12A and PFUTP Regulations 3 and 4.
  Delay in both appeals condoned and delay applications allowed · Impugned WTM and AO orders quashed qua appellant for violation of natural justice
  Appeal: Misc. Applications 549 and 550 of 2020 allowed; Appeal Nos. 513 and 514 of 2020 allowed and remanded vide SAT order dated 19.05.2021
• Fraudulent GDR scheme where USD 27.5 mn proceeds pledged as security to fund sole subscriber and loan/pledge and single-subscriber fact not disclosed, misleading market.
  SAT upheld AO order 29.11.2019 finding fraud under Sec 12A and PFUTP · Rs 5 cr penalty on A Venkataramani upheld
  Appeal: Appeal Nos 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 reserved 26.08.2022, decided 02.09.2022; penalties upheld with modification for joint penalty
• SAT matter SATV-B4CC841A32D9604D8DCC102E
  List Appeals Nos. 43, 51, 89, 513, 514 of 2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 pending before SAT; Misc. Application No. 202 of 2021 and Delay Applications Nos. 549-550 of 2020; listed on April 19, 2021
• SAT matter SATV-46284CE63EB3F5338A5A49DD
  Arguments heard in the connected appeals and miscellaneous applications · Orders reserved
  Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 336 of 2022 and 337 of 2022 heard; order reserved on 26 August 2022
• SAT matter SATV-AEE7BE2F8D412CD100C2D810
  List appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date for VC/physical hearing mode
  Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Applications 202/2021, 549/2020, 550/2020 pending; adjourned to 19 May 2021 per order dated 19.4.2021
• SAT matter SATV-C5E940207DECC0180C12C99C
  Heard counsel for parties and reserved order · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
  Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 336 of 2022, 337 of 2022 heard on 26.08.2022; order reserved
• Fraudulent GDR scheme: pledged USD 27.5 mn GDR proceeds as collateral to fund sole subscriber, non-disclosure and misleading fully-subscribed announcement.
  AO order Nov 29, 2019 penalty Rs 5 cr on A Venkataramani upheld - no error · AO penalty Rs 10 lakh on Uma Karthikeyan dated Apr 21, 2022 upheld as just and proper
  Appeal: Appeal Nos. 43, 51, 89 of 2020 and 336, 337 of 2022 with Misc. Applications decided by SAT on 02.09.2022 (reserved 26.08.2022)
• SAT matter SATV-D5C7F85A8D7F787134C7FBA7
  List Appeals No. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 pending; adjourned to April 19, 2021 by order dated 09.03.2021
• SAT matter SATV-E0CCD1419F2D7CD4B0DE0DF4
  List Appeal Nos. 43, 51, 89, 513, 514 of 2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 pending; adjourned to 19.04.2021; Misc. Applications 202/2021, 549/2020, 550/2020 pending
• SAT matter SATV-F565703E1FC0FC7041735D04
  List Appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc Applications 202/2021, 549/2020, 550/2020 heard on 19.4.2021 and adjourned to 19 May 2021; no disposal
• SAT matter SATV-423FB7D87DAB0FDD2D05E6A3
  Delay in filing appeal condoned, Misc. Application No. 612 of 2022 allowed · Appeal Nos. 336 and 337 of 2022 connected with Appeal No. 43 of 2020
  Appeal: Appeal Nos. 336 and 337 of 2022 pending; delay condoned vide Misc. Application No. 612 of 2022; connected with Appeal No. 43 of 2020; next listing August 26, 2022
• Fraudulent GDR scheme: pledged USD 27.5 mn GDR proceeds as security to fund sole subscriber Clifford, misrepresented as fully subscribed, non-disclosure to exchange/investors.
  Upheld Rs 5 crore penalty on Chairman A Venkataramani per AO order 29 Nov 2019 · Upheld Rs 10 lakh penalty on Uma Karthikeyan per AO order 21 Apr 2022; noted 5-year WTM debarment
  Appeal: SAT Appeal Nos 43, 51, 89 of 2020 and 336, 337 of 2022 decided on 02.09.2022 (reserved 26.08.2022)
• SAT matter SATV-9D05CEC3B4C464E3796DD134
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy; certified copy from Registry on payment
  Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 heard on 26.08.2022; order reserved, not disposed
• SAT matter SATV-AD23D0B334E2F63FED7C30AD
  Respondent SEBI to file reply to delay condonation applications and memo of appeal · Appellant permitted to file rejoinder after SEBI reply
  Appeal: Appeal No. 513 of 2020 with Misc. Application No. 549 of 2020 and Appeal No. 514 of 2020 with Misc. Application No. 550 of 2020; delay condonation pending; reply/rejoinder ordered on 21.12.2020; next listing 15.02.2021; not finally disposed