sebi:WTM/GM/IVD/06/2019-20
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Prima facie insider trading found; alleged unlawful gains of Rs. 87,21,918.55 impounded jointly and severally from Pia Johnson and Mehul Johnson with freeze on debits in bank/demat accounts, restraint on alienation of assets until deposit in SEBI-lien escrow account, and show-cause why disgorgement with interest and market restraint should not be imposed.
Provisions invoked
- s. 11B
- s. 19
- s. 11(1)
- s. 12A
- s. 186
Regulations
- Reg. 10
- Reg. 4(1)
- Reg. 2(1)(d)
- Reg. 3(1)
- Reg. 3(2)
- Reg. 2(1)(g)
- Reg. 2(1)(n)
- Reg. 2(1)(d)(i)
- Reg. 2(1)(f)
Parties
- Pia Johnson
- Mehul Johnson
Holding
Pia Johnson and Mehul Johnson prima facie traded in Indiabulls Ventures Limited while in possession of UPSI relating to sale of ILPL to IIL and thereby indulged in insider trading, warranting interim impounding of Rs. 87,21,918.55 jointly and severally pending final adjudication.
Full text
__________________________________________________________________________________________ Order in the matter of Indiabulls Ventures Limited
__________________________________________________________________________________________ Order in the matter of Indiabulls Ventures Limited
__________________________________________________________________________________________ Order in the matter of Indiabulls Ventures Limited
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Source: SecMarx — sebi:WTM/GM/IVD/06/2019-20. 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.