sebi:WTM/MPB/EFD-1-DRA-I/168/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Confirmatory Orders dated August 24, 2016, October 10, 2016, October 28, 2016, November 01, 2016 and May 26, 2017 revoked qua 34 entities with immediate effect with direction to BSE to release withheld pay-out for July 27, 2015 trades; directions continue against remaining 41 entities.
Provisions invoked
- s. 19
Holding
The confirmatory restraints against 34 entities are revoked with immediate effect and BSE is directed to release their withheld sale proceeds for trades executed on July 27, 2015, while proceedings and restraints continue against the remaining 41 entities.
Full text
Order in the matter of Dhyana Finstock Limited Page 2 of 8 entities related to the Dhyana have sold 2,62,682 shares on July 27, 2014 representing 82.35% of total shares bought by the investors under the influence of SMSs. Thereby, ultimately shares acquired through preferential allotment and/or purchased to give exit to preferential allottees were sold to gullible investors by inducing them to buy shares by sending fraudulent/fake SMS.
Order in the matter of Dhyana Finstock Limited Page 3 of 8 S. NO. NAME OF THE ENTITY PAN COMPANY 1 Dhyana Finstock Limited AABCP8561B DIRECTORS AND PROMOTERS OF DHYANA 2 Harshadkumar Patel AGMPP7021Q 3 Rajeshkumar Theophilbhai Christie AKAPC0179L 4 Pinakin Dahyabhai Makwana APJPM5729E 5 Pritesh Patel AJIPP7200L 6 Priyanka Nrupesh Tripathi AHVPT3728L 7 Purvesh Nareshbhai Chauhan AHKPC9950A 8 Jaratal Mayaben Ashokbhai AOCPJ0760Q 9 Ashokbhai G Jaratal AOCPJ0735R 10 Priti Jayakarbhai Christian AQBPC1558Q 11 Aneelkumar Albertbhai Patel ALOPP2057M 12 Shaluben Nikeshbhai Shah BPCPS1154K PREFERENTIAL ALLOTTEES 13 Ankit Mahendrabhai Shah ANTPS6591E 14 Jyotiben Mahendrabhai Shah ANHPS8282Q 15 Manish B Shah AAIPM4715G 16 Rupal M Shah AAEPR5198J 17 Kalpesh Ugarchand Gadhecha ABTPG3143L 18 Sanjay P Shah AMIPS4672G 19 Bhavini S Shah AEVPB8830Q 20 Zahir Farooq Hawa AAAPH2776E 21 Farooq Kasam Hawa AAAPH2775H 22 Noorbanu Farooq Hawa AAAPH8271Q 23 Azim Farooq Hawa AAAPH2774G 24 Kumar A AAEPK1457D 25 M Mathivanan AAEPM4368F 26 Raj Rattan ADXPR0831L 27 Uttam Chunnilal Jain AAFPJ3365A
Order in the matter of Dhyana Finstock Limited Page 4 of 8 S. NO. NAME OF THE ENTITY PAN 28 Reenu Jain AEYPJ8903R 29 Sanjay Nandlalbhai Parelia Huf AATHS5168J 30 Gunjan Rajendra Patel BFPPP4718F 31 Manharbhai Vallabhbhai Vaghani ABOPV3650L 32 Mahesh V Vaghani AAWPV3196N 33 Haresh Bhikhabhai Vaghani ABPPV4917M 34 Sanjay Bhikhabhai Vaghani AABPV4486G 35 Chetna H Chandan AHGPC9842D 36 Pradipkumar Harakchand Doshi AAHPD4722B 37 Dilipkumar Manilal Chokshi AAKPC1264A 38 Jayprakash Maneklal Patel ABCPP1959N 39 Ashwinkumar K. Patel AGAPP9577F 40 Rajesh Pukhraj Raka (Huf) AAFHR7898G 41 Mohit Airen ABXPA1053F 42 Alok Gupta ACHPG2799K 43 Gaurav Manoj Agrawal AQMPA9216A 44 Ashok Kumar Sethi AGTPS5503P 45 Kantilal Amulkhdas Vohera ACHPV3687R 46 Kantilal Amulkhdas Vohera Huf AAFHK8045N 47 Suresh Chinde Gowda AHVPG4424G DHYANA GROUP 48 Parin Infrastructure Pvt Ltd AAGCP6796D 49 Mainak Comtrade Pvt Ltd AAGCM5750N 50 Baldevbhai Shankerlal Patel ACIPP5953F 51 Shailesh Baldevbhai Patel AOEPP2788Q 52 Harshaddkumar Baldevbhai Patel AOKPP9234R 53 Ramilaben Baladevbhai Patel AUHPP8735C 54 Jayshreeben Shah BQMPS6009Q 55 Gautamsingh Zala AAIPZ3605N 56 Birju Pravinchandra Sanghvi ALLPS1169E 57 Hiral Manish AZQPM9451N 58 Hiteshkumar Mahipatlal Patel APOPP1463R 59 Manish Shah BFOPS3849R
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-I/168/2018. 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.