sebi:WTM/PS/147/IVD/FEB/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Ad-interim ex-parte order impounding alleged unlawful gains of ₹5,03,57,419 jointly and severally from the suspected entities, freezing bank and demat accounts, and directing escrow deposit and asset disclosure
Provisions invoked
- s. 11(4)
- s. 19
Parties
- DPK Stock and Securities
- Shivam Investments
- Caps Finstock Services Pvt. Limited
- Peeyush Agarwal
- AJC Securities & Fin. Pvt. Limited
- Supreme Lease Finvest Pvt. Limited
- Shailja Investments Limited
- Kanhai Commodity Intermediaries Pvt. Limited (now Omkam Commodities Pvt. Limited)
Holding
SEBI, as an interim ex-parte measure, directed impoundment of alleged unlawful gains of ₹5,03,57,419 (gains of ₹2,22,82,044 plus interest of ₹2,80,75,375) jointly and severally from eight suspected entities/persons for synchronized trading and manipulation in the scrip of PPL, and froze their bank and demat accounts pending adjudication.
Full text
Page 2 of 8 had increased from ₹17.50 as on July 04, 2005 to ₹65.55 as on September 13, 2005, registering thereby an increase of ₹48.05 (i.e. about 274.57%).
Page 3 of 8 Table B Name of entity Gross Buy Qty. Gross buy qty. as % of mkt. Gross Sell Qty. Gross sell qty. as % of mkt. Net buy (sell) qty. AJC 1,92,729 6.72 1,22,839 4.28 69,890 Caps 2,86,978 10.01 204,447 7.13 82,531 Shivam 2,33,330 8.13 104,295 3.63 1,29,035 Supreme 1,77,873 6.21 91,848 3.2 86,025 DPK 2,38,849 8.33 175,425 6.12 63,424 Peeyush Agarwal 0 0 395,000 13.78 -3,95,000 Kanhai 0 0 64,100 2.24 -64,100 Shailja 1,42,361 4.96 11,000 0.38 1,31,361 Total 12,72,120 44.37 11,68,954 40.77 1,03,166
Page 4 of 8 The synchronized trades by the suspected entities represented 8.52% of the total market volume and 28.90% of the total quantity traded amongst the suspected entities. A summary of such trades is as under: Table D Synchronized trades executed amongst the suspected entities
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:WTM/PS/147/IVD/FEB/2016. 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.