sebi:PM/NR/2020-21/9596
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 initiated against the Noticee vide SCN dated November 29, 2017 stands disposed of without any penalty.
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
Regulations
- Reg. 3
- Reg. 4
- Reg. 3(a)
Parties
- Chetan Mukundrai Parekh
Holding
The allegation that Chetan Mukundrai Parekh manipulated the price of Hasti Finance Ltd. and created a misleading appearance of trading in violation of Regulations 3(a), (b), (c), (d), 4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations, 2003 does not stand established, and the adjudication proceedings are disposed of without any penalty.
Full text
Adjudication Order in respect of Chetan Mukundrai Parekh in the matter of Hasti Finance Ltd., Page 2 of 16 * no trading between April 6, 2013 to April 10, 2013 ** no trading between the period April 1, 2014 to April 8, 2014
Adjudication Order in respect of Chetan Mukundrai Parekh in the matter of Hasti Finance Ltd., Page 3 of 16 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in respect of Chetan Mukundrai Parekh in the matter of Hasti Finance Ltd., Page 4 of 16 margins and sometimes volumes too if the scrip and its volatility is right. As can be seen from the details of his trades in the scrip, even there too, predominantly his trading was without delivery which is consistent with his trading strategy.
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:PM/NR/2020-21/9596. 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.