Zenith Infotech Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Continued para 25(i) restraint on six promoters from accessing/dealing in securities market

SAT-appeal

SAT matter SATV-64B9E3E66863B75E1E0BEB16
Appeal permitted to be withdrawn at appellants own risk and consequences · Misc. Application Nos. 309 of 2016, 186 of 2016, 268 of 2015 and 49 of 2014 disposed as infructuous with no order as to costs
Appeal: Appeal No. 72 of 2014 withdrawn and disposed on 21.02.2018; connected Misc. Applications disposed as infructuous
Alleged diversion of USD 33.93 million sale proceeds of MSD Division by ZIL promoters/board, prejudicial to investors and market integrity, pending investigation.
SAT admitted Appeal No.59 of 2013; allowed intervention by QVT and Quintessence · Stayed operation of impugned para 25(ii) bank guarantee during pendency of appeal

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Source: SecMarx — Zenith Infotech 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.