https://www.taxtmi.com/caselaws?id=782255 AT dismissed the appeals concerning restrictions imposed for three years on accessing the securities market and holding positions as Director or KMP in listed entities for involvement in a GDR scheme. Although the restriction period had already expired, AT held there was no merit in the appellants' challenge. The appellant company had issued GDRs fully subscribed by an overseas entity, with subscription proceeds received in multiple tranches rather than a single genuine subscription. AT rejected the contention that the pledge agreement and board resolution were not executed by the appellant, noting absence of any criminal complaint and clear benefit to the appellant company. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782255 AT dismissed the appeals concerning restrictions imposed for three years on accessing the securities market and holding positions as Director or KMP in listed entities for involvement in a GDR scheme. Although the restriction period had already expired, AT held there was no merit in the appellants' challenge. The appellant company had issued GDRs fully subscribed by an overseas entity, with subscription proceeds received in multiple tranches rather than a single genuine subscription. AT rejected the contention that the pledge agreement and board resolution were not executed by the appellant, noting absence of any criminal complaint and clear benefit to the appellant company. Case-Laws SEBI Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782255