sebi:PM/NR/2020-21/9151-9159
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Facts / Headnote
Violations established; penalty of Rs. 5,00,000 each imposed on all 9 noticees
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 3(a)
Parties
- Accurate Buildwell Pvt. Ltd. (Noticee 1)
- Vishal Yadav (Noticee 2)
- Century Buildmart Pvt. Ltd. (Noticee 3)
- Amit Kumar Saxena (Noticee 4)
- Pawan Kumar Kaul (Noticee 5)
- Santosh Kumar (Noticee 6)
- Sunila Rai Verma (Noticee 7)
- Ashvin Verma / Ashvin Veerma (Noticee 8)
- Stallion Trading Co. Proprietor: Ms. Sapna (Noticee 9)
Holding
The 9 connected noticees violated Regulations 3(a),(b),(c),(d), 4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations by manipulating the price of ECO scrip through concerted NHP-creating trades amongst themselves, and each is liable to monetary penalty under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of 9 entities in the matter of Eco Friendly Food Processing Park Ltd., Page 2 of 20 2. Based on the variance in the quantum of trading volumes, the price movement of the scrip during the IP and the stock split, the investigation period was split into three patches. The price & volume details of the scrip ECO during the three patches of the investigation period are tabulated hereunder:
Adjudication Order in respect of 9 entities in the matter of Eco Friendly Food Processing Park Ltd., Page 3 of 20 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of 9 entities in the matter of Eco Friendly Food Processing Park Ltd., Page 4 of 20 (b) Facing mental agony and harassment due to the restrictions imposed on him on buying, selling and dealing in any shares or commodities.
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Source: SecMarx — sebi:PM/NR/2020-21/9151-9159. 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.