1038-2022 Sulabh Engineers and Services Ltd vs Securities and Exchange Board of India
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Full text
between the appellants and related parties who have alleged to play an individual role in the price manipulation and that an adverse inference has been drawn on the basis of surmises and conjectures on the sole ground that being preferential allottees or buying shares off market indicates that there is a connection between the parties. It was submitted that apart from the fact of purchasing off market by some of the appellants and other being preferential allottees there is no other evidence to show any other connection between the appellants and the Company and its directors.
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI Order Reserved on: 30.08.2023
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Source: SecMarx — 1038-2022 Sulabh Engineers and Services Ltd vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.