Vinod K. Shah

SAT-appeal

• SAT matter SATV-2B04A59FA8CDF1300B8E59C2
  Review Application No. 17 of 2019 dismissed · Review Application Nos. 18 and 19 of 2019 rejected
  Appeal: Review Applications Nos. 17, 18, 19 and 20 of 2019 in Appeal No. 361 of 2018 decided on 06 February 2020; Applications 17 dismissed, 18 and 19 rejected, and 20 disposed of.
• IGSL allegedly mis-utilised IPO proceeds contrary to objects, made false statements on bridge loans in RHP/prospectus, failed to disclose deposits under Sec 58A Companies Act.
  Prohibited from accessing securities market for 4 years from date of order · Prohibited from associating with any listed company or partnership firm with effect from 1 February 2019
  Appeal: Appeal Nos. 361, 362, 363 of 2018 with Misc. Application No.299 of 2018 - Order Reserved 22.07.2019, Date of Decision 10.10.2019
• SAT matter SATV-BC7EEA5694532385D8BB5736
  Misc. Application No. 1145 of 2021 dismissed; no modification or correction to paragraph 34 of order dated 10.10.2019
  Appeal: Appeal against SAT order dated 10.10.2019 pending before Honble Supreme Court; prior review disposed on 06.04.2020
• Mis-utilisation of IPO proceeds contrary to objects (Rs 30 cr to IFPL diverted from share-lending), false RHP statements denying bridge loans, and non-disclosure of accepted deposits.
  Prohibited from accessing securities market for four years from SEBI order dated 6 August 2018 · Prohibited from associating with any listed company or partnership firm with effect from 1 February 2019
  Appeal: Appeal Nos. 361, 362 and 363 of 2018 with Misc. Application 299 of 2018; Order Reserved 22.7.2019, Date of Decision 10.10.2019
• Alleged mis-utilisation of IPO proceeds vs stated objects, false statements on bridge loans in RHP/prospectus, non-disclosure of deposits under Sec 58A Companies Act 1956.
  Prohibited from accessing securities market for 4 years from date of order · Prohibited from associating with any listed company or partnership firm w.e.f. 1 February 2019