sebi:EAD-6/AO/PM/NK/010/2019-20
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 24
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Shriniwas Bansal (HUF)
- Yogesh Bansal
- Technofab Constructions Limited
- Usha Chahal
- All Time Securities Private Limited
- Rekha Sharma
Holding
The Adjudicating Officer found that the Noticees, being connected entities directly or indirectly with PPTIL, deliberately and willfully matched buy and sell orders with substantial time differences in the illiquid scrip of Pankaj Piyush Trade and Investments Limited to distort market equilibrium and manipulate the price of the scrip, in violation of Regulations 3(a), 3(b), 3(c), 3(d), 4(1), and 4(2)(e) of the SEBI (PFUTP) Regulations, 2003.
Full text
Adjudication Order in the matter of Trading Activities of Certain Entities in the Scrip of Pankaj Piyush Trade and Investments Limited .
Adjudication Order in the matter of Trading Activities of Certain Entities in the Scrip of Pankaj Piyush Trade and Investments Limited .
Adjudication Order in the matter of Trading Activities of Certain Entities in the Scrip of Pankaj Piyush Trade and Investments Limited .
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Source: SecMarx — sebi:EAD-6/AO/PM/NK/010/2019-20. 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.