Verve Properties & Investment Pvt. Ltd.
Penalties and directions recorded
- Anjaneya Holdings penalty under Reg 29(2)/29(3) reduced from Rs 15 lacs to Rs 10 lacs
- All other penalties against appellants affirmed
SAT-appeal
- Promoters failed to disclose creation/invocation/release of pledges and off-market purchases in S. Kumars Nationwide LtdAO order affirmed with modification for Appellant No.1 · Anjaneya Holdings penalty under Reg 29(2)/29(3) reduced from Rs 15 lacs to Rs 10 lacsAppeal: Appeal No. 173 of 2018 decided on 18.10.2019 - partly allowed with penalty reduction
- SAT matter SATV-CEFEBF8BBF2E936BF5EB09D0Review Application No. 7 of 2021 dismissed with no order as to costs · SAT order dated 18.10.2019 stands undisturbedAppeal: Review Application No. 7 of 2021 in Appeal No. 173 of 2018 dismissed on 19.04.2021; review sought of SAT order dated 18.10.2019
Source: SecMarx — Verve Properties & Investment Pvt. Ltd.. 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.