sebi:MO/75/IVD/08/04
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Facts / Headnote
Aaditya Luxury Hotels Ltd. found guilty of violating Regulations 4(a), 4(b) and 4(c) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995; direction issued under Section 11(4)(b) read with Section 11 of the SEBI Act, 1992
Provisions invoked
- s. 11
- s. 11(4)
- s. 19
Regulations
- Reg. 11
- Reg. 4(a)
Parties
- Aaditya Luxury Hotels Ltd.
Holding
Aaditya Luxury Hotels Ltd. was held guilty of engaging in fraudulent and unfair trade practices, specifically rigging up the price of Vatsa Music Ltd. (VML) scrip through synchronized deals with related entities, and a direction was issued under Section 11(4)(b) of the SEBI Act, 1992 read with Regulation 11 of the PFUTP Regulations, 1995.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Order Against Aaditya Luxury Hotels Ltd Aug 31, 2004 | Orders : Orders of Chairman/Members MO/75/IVD/08/04 SECURITIES AND EXCHANGE BOARD OF INDIA
23-Dec-99 419.9 419.9 419.9 419.9 200 24-Dec-99 453.5 453.5 453.4 453.4 200 27-Dec-99 480 489 480 489 400 28-Dec-99 514 528 500 528 900 29-Dec-99 570.25 570.25 570.25 570.25 100 30-Dec-99 615.9 615.9 615.9 615.9 100 03-Jan-00 665.2 665.2 665.2 665.2 200 04-Jan-00 718.45 718.45 718.45 718.45 200 05-Jan-00 775.95 775.95 770 770 3900 06-Jan-00 831.6 831.6 713 714 1000 07-Jan-00 710 771 710 737 2300 10-Jan-00 748 795 730 795 2100 11-Jan-00 858.6 858.6 835 858.5 700 12-Jan-00 870 919 850 850 400 13-Jan-00 870 918 870 918 1000 14-Jan-00 925 990 878 982.5 800
31-Mar-00 3613.5 3613.5 3613.5 3613.5 1 03-Apr-00 3902.6 3902.6 3902.6 3902.6 1 04-Apr-00 4214.85 4214.85 4214.85 4214.85 411
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Source: SecMarx — sebi:MO/75/IVD/08/04. 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.