Vivek Kanwar
Penalties and directions recorded
- Interim stay granted on recovery of the balance penalty during pendency of the appeals, subject to deposit of Rs. 50 lakhs.
SAT-appeal
- Alleged mis-selling of AT1 Bonds initially issued to institutional investors to retail investors, resulting in violation of the PFUTP Regulations. Vivek Kanwar was held personally responsible for overseeing the down-sale and instructing bank officials.Interim stay granted on recovery of the balance penalty during pendency of the appeals, subject to deposit of Rs. 50 lakhs. · Appeals listed for final disposal on November 20, 2023.Appeal: Appeal No. 374 of 2021 and connected matters: interim relief granted on 12 September 2023; final disposal listed for 20 November 2023. Appeal No. 373 of 2021 had an interim order dated 21 May 2021.
- SAT matter SATV-E6E559F6B01A33CCF8C6BB70Adjourned on request of learned counsel for the appellant · List on May 12, 2023Appeal: Appeal Nos. 373 of 2021, 374 of 2021, 729 of 2022 and Misc. Applications 1228 of 2022, 1729 of 2022 adjourned on 29.03.2023; listed on May 12, 2023
Source: SecMarx — Vivek Kanwar. 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.