sebi:Order/MC/VS/2021-22/13477-13486
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of; allegations not established; no penalty imposed
Provisions invoked
- s. 15
- s. 12A
- s. 12
- s. 15H
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Flyjoy Distributors Private Limited
- Realstep Agencies Private Limited
- Charamsukh IT Marketing Private Limited
- Arvind Kumar Gupta
- Pawan Kumar and Sons HUF
- Reena Agarwal
- Moti Lal Maheshwari
- Vijay Kumar Jaiswal
- Alok Kumar Jhunjhunwala
- Super Mercantiles Private Ltd.
Holding
The Adjudicating Officer found that the allegations that Noticees 1-10 violated Section 12A(a), (b), (c) of the SEBI Act read with Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), (e) of the PFUTP Regulations by creating misleading appearance of trading and causing price rise, price fall, or New Low Price in the scrip of Pincon Lifestyle Ltd. in a manipulative manner, were not established.
Full text
Adjudication Order in respect of Flyjoy Distributors Pvt. Ltd. and 9 others in the matter of Pincon Lifestyle Ltd. Page 2 of 29
Adjudication Order in respect of Flyjoy Distributors Pvt. Ltd. and 9 others in the matter of Pincon Lifestyle Ltd. Page 3 of 29
Adjudication Order in respect of Flyjoy Distributors Pvt. Ltd. and 9 others in the matter of Pincon Lifestyle Ltd. Page 4 of 29
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/MC/VS/2021-22/13477-13486. 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.