https://www.taxtmi.com/caselaws?id=780613 AT dismissed the appeals, upholding that the company fraudulently issued GDRs to create impression of USD 24.25 million foreign subscription. Tribunal found the appellant accepted amended pledge terms and sought interest remittance, rejecting arguments about absence of the foreign entity in board resolution. The impugned order restraining the appellants from accessing the securities market for three years and imposing monetary penalties for violations of SEBI Act and PFUTP Regulations was affirmed. Appeals were held devoid of merit and rejected. en-us Wed, 06 Aug 2025 00:00:00 +0530 Mon, 03 Nov 2025 08:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780613 AT dismissed the appeals, upholding that the company fraudulently issued GDRs to create impression of USD 24.25 million foreign subscription. Tribunal found the appellant accepted amended pledge terms and sought interest remittance, rejecting arguments about absence of the foreign entity in board resolution. The impugned order restraining the appellants from accessing the securities market for three years and imposing monetary penalties for violations of SEBI Act and PFUTP Regulations was affirmed. Appeals were held devoid of merit and rejected. Case-Laws SEBI Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780613