sebi:WTM/KV/ISD/ISD-SEC-2/31727/2025-26
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Facts / Headnote
Interim ex-parte order impounding alleged ill-gotten gains of Rs. 1,73,14,23,475.30 in fixed deposits with lien in favour of SEBI, restraining Noticees from buying, selling or dealing in securities, directing banks/depositories to place no-debit holds, and requiring inventory of assets; order to remain in force until further orders.
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12A
- s. 12
- s. 11A
- s. 28A
- s. 29
- s. 26A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 4
- Reg. 2
- Reg. 3(2)
- Reg. 2(1)
Parties
- Bhoovan Singh (Noticee No. 1)
- Amar Jit Singh Soran (Noticee No. 2)
- Amita Soran (Noticee No. 3)
- Anita (Noticee No. 4)
- Narender Kumar (Noticee No. 5)
- Virender Singh (Noticee No. 6)
- Bindu Sharma (Noticee No. 7)
- Sanjeev Kumar (Noticee No. 8)
Holding
SEBI held on a prima facie basis that the Noticees were in possession of unpublished price sensitive information (UPSI) relating to the CERC market coupling order and traded in IEX put options in contravention of regulation 3(2) and regulation 4(1) of the PIT Regulations and sections 12A(d) and 12A(e) of the SEBI Act, warranting an ex-parte interim order impounding alleged ill-gotten gains and restraining further dealing in securities.
Full text
Ex-Parte Interim Order in the matter of Insider Trading by certain entities in the scrip of IEX Page 2 of 45 A. BACKGROUND
Ex-Parte Interim Order in the matter of Insider Trading by certain entities in the scrip of IEX Page 3 of 45 markets and streamlining the process of price discovery. Currently each power exchange determines its price based on demand and supply. B. BRIEF FINDINGS OF THE PRELIMINARY EXAMINATION BY SEBI
Ex-Parte Interim Order in the matter of Insider Trading by certain entities in the scrip of IEX Page 4 of 45 Table 1 Date Open* High* Low* Close* % change in close price Shares traded 18-Jul-25 205.6 206.47 202.66 203.14 - 19,39,814 21-Jul-25 202.01 205 195.18 195.99 -3.52% 78,36,870 22-Jul-25 196.94 200 191.54 192.56 -1.75% 97,07,232 23-Jul-25 192.70 193.41 186.61 187.89 -2.43% 92,14,590 24-Jul-25 169.10 169.10 131.50 132.32 -29.58% 12,77,36,986 25-Jul-25 137.80 149.40 136.41 145.02 9.60% 29,84,71,535 28-Jul-25 146.4 146.4 132.16 139.12 -4.07% 8,44,89,906 29-Jul-25 137.3 138.54 132 134.65 -3.21% 4,65,88,839 *(All figures in ₹) Figure 1
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Source: SecMarx — sebi:WTM/KV/ISD/ISD-SEC-2/31727/2025-26. 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.