Mr. Yogesh G. Gemawat

SAT-appeal

• NTL offered and issued NCDs in FY 2013-14 for Rs.5.96 crores to 341 persons constituting deemed public issue under Section 67 without compulsory listing under Section 73(1); directors jointly and severally liable.
  SAT dismissed Appeal Nos. 227/2016, 228/2016, 156/2017, 159/2017 confirming WTM order dated June 2, 2016 · Restrained from accessing securities market and buying, selling or dealing in securities directly or indirectly with immediate effect
  Appeal: Appeal Nos. 227/2016, 228/2016, 156/2017 with Misc. Appl. 90-91/2018 and 159/2017 heard 27.03.2019, dismissed 16.04.2019; NTL Appeal No. 311/2016 already dismissed 28.04.2017
• SAT matter SATV-3068737D4C7A324A0BF1E214
  Appeal No. 526 of 2021 dismissed for want of prosecution
  Appeal: Appeal No. 526 of 2021 dismissed on 04 April 2022 for want of prosecution
• SAT matter SATV-5DE98A8D39F42E619634857D
  Adjourned and listed on February 14, 2022 as arguing counsel unwell · Parties to seek instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 of 2021, 162 of 2021 adjourned to 14.02.2022, no disposal on merits
• NTL offered NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons, a deemed public issue under Sec 67 proviso, without compulsory listing under Sec 73(1) and Sec 56,60,117C compliance.
  Appeals dismissed, WTM order dated June 2, 2016 upheld with joint and several liability · Restrained from accessing securities market and buying/selling/dealing directly or indirectly with immediate effect
• Collecting monies through Non-Convertible Debentures (NCDs) in violation of public issue norms; held as officers in default under Section 5(g) of Companies Act, 1956.
  Review Application No. 08 of 2019 and No. 09 of 2019 dismissed · Finding that appellants are officers in default upheld per judgment dated April 16, 2019
• SAT matter SATV-EE6F421A69315F3536F0F59B
  List matter on February 14, 2022 as arguing counsel is unwell · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 with Misc. Applications 165 and 162 of 2021 pending, adjourned to 14.02.2022
• Neesa Technologies Ltd. offered and issued NCDs in FY 2013-2014 for Rs. 5.96 crores to 341 persons without compulsory listing, constituting deemed public issue violating Sections 56, 60, 73, 117C of Companies Act, 1956.
  Restrain appellants from accessing securities market with immediate effect · Prohibit buying, selling or otherwise dealing in securities directly or indirectly
• SAT matter SATV-67D3DF3C603CA511A492B535
  Adjourned and listed on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 569 of 2020, 139 of 2021, 197 of 2021, 397 of 2021, 526 of 2021 pending; adjourned to 14.02.2022
• NTL offered and issued NCDs in FY 2013-14 for Rs 5.96 cr to 341 persons deemed public issue under Section 67 proviso without compulsory listing under Section 73(1) Companies Act 1956; directors jointly-severally liable.
  Restrained from accessing securities market and prohibited from buying, selling or dealing directly/indirectly with immediate effect · Restrained from issuing prospectus, offer document or advertisement soliciting public money
  Appeal: Appeal Nos 227/2016, 228/2016, 156/2017 with Misc Apps 90-91/2018 heard 27.03.2019 decided 16.04.2019 - held no merit; NTL Appeal No 311/2016 dismissed 28.04.2017
• SAT matter SATV-8B89CAC590E074BDD2AC5D7B
  Misc. Application No. 748 of 2022 allowed; earlier order recalled and Appeal No. 526 of 2021 restored · Appeal No. 526 of 2021 dismissed with no order as to costs per 17 June 2022 decision
  Appeal: Misc. Application No. 748 of 2022 in Appeal No. 526 of 2021 allowed and appeal restored, then Appeal No. 526 of 2021 dismissed on 26.08.2022
• Violating public issue norms while collecting monies through Non-Convertible Debentures (NCDs) as officers in default
  Review Application Nos. 08 of 2019 and 09 of 2019 dismissed
  Appeal: Appeal Nos. 227 of 2016 and 228 of 2016 dismissed by SAT judgement dated 16 April 2019; Review Applications decided 21.02.2020 - dismissed
• SAT matter SATV-CD093884A1C1937589C8CBD4
  List all appeals on February 14, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 569/2020, 139/2021, 197/2021, 397/2021, 526/2021 with Misc. Appl. Nos. 165/2021, 162/2021 adjourned to 14.02.2022