Vedanta Limited
Penalties and directions recorded
- Liberty granted to appellants to challenge any subsequent adverse order
- Impugned monetary penalties were set aside and the appeals were allowed.
SAT-appeal
- SAT matter SATV-03EB8EC423DB290CCAF48C52Appeal disposed of as not pressed · Liberty granted to appellants to challenge any subsequent adverse orderAppeal: Appeal No. 161 of 2018, decided on 08 June 2018; disposed of as not pressed
- Alleged fraudulent and misleading buyback announcement made without intent to complete the buyback, and failure to place sufficient buy orders; individual appellants were alleged to have facilitated the announcement by signing it.Appeals against the common AO order were heard together; the Tribunal found the allegations were not proved. · Impugned monetary penalties were set aside and the appeals were allowed.Appeal: Appeal Nos. 420 of 2021 and 486 of 2021; common AO order dated 19 May 2021; appeals allowed and penalties set aside on 5 October 2023.
- Alleged fraudulent and misleading announcement of a buyback without intent to complete it, inadequate buy orders, and facilitation by signatories to the public announcement.SAT considered Appeals Nos. 420 and 486 of 2021 against the common AO order dated 19 May 2021; the supplied text ends before the operative final decision.Appeal: Appeal No. 420 of 2021 and Appeal No. 486 of 2021 were heard together; final disposal is not included in the supplied text.
- SAT matter SATV-41653A85EC12308050A7FF48Appeal No. 623 of 2023 dismissed as withdrawnAppeal: Appeal No. 623 of 2023 withdrawn and dismissed on 21 July 2023
- SAT matter SATV-C0B84B357FE593D9EEB5C881Review Application No. 21 of 2022 dismissed as withdrawn · No order as to costs
- SAT matter SATV-5DC86D88437FC4CB4BB8F114List Appeal No. 420 of 2020 and Appeal No. 486 of 2021 on September 22, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal No. 420 of 2020 and Appeal No. 486 of 2021 with Misc. Application No. 810 of 2021 pending before SAT; adjourned to September 22, 2022, no disposal
Source: SecMarx — Vedanta Limited. 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.