sebi:WTM/RKA/ISD/112/2016

SEBI · SEBI · Rajeev Kumar Agarwal, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Interim directions continued with grant of common interim reliefs to sell securities held as on interim order date under supervision and deal with proceeds as specified, pending detailed investigation and confirmatory orders

Provisions invoked

• s. 11
• s. 11(4)
• s. 19
• s. 11(1)
• s. 11B
• s. 12A
• s. 12
• s. 11(2)
• s. 101
• s. 10(38)
• s. 139(1)

Regulations

• Reg. 4
• Reg. 3
• Reg. 2(1)(c)
• Reg. 4(1)
• Reg. 3(a)
• Reg. 2(1)

Holding

Interim restraints were maintained but noticees were granted supervised interim relief to sell securities held as on the interim order date, keep proceeds in escrow for investment in mutual funds/fixed deposits, and use up to 25% for business exigencies, while investigation into misuse of the market for fictitious LTCG continues.

Full text

Order in the matter of four scrips in SME Segment Page 2 of 107 24. Ms. Akansha Singhal CGPPS3517P 25. Mr. Mohit Hissaria ABKPH4283M 26. Mr. Satinder Paul Gupta AAPPG2434D 27. Mr. Prateek Gupta AIEPG1462E 28. Ms. Minakshi Gupta ADUPG2221J 29. Mr. Sahil Gupta AGMPG0589J 30. Ms. Neelam Gupta AAHPG5907D 31. Ms. Priya Gupta AETPG5835L 32. Mr. Nishil Gupta AIKPG3052G 33. Mr. Tarsem Chand Gupta AAHPG5906C 34. Mr. Sudarshan Kumar Sachdeva ABAPS5155K 35. Ms. Vijay Laxmi Sachdeva ABAPS5157M 36. Mr. Sanjay Sachdeva ABBPS5022Q 37. Mr. Anil Sachdeva AQOPS2031B 38. Ms. Ekta Sachdeva BKEPS8583H 39. Ms. Urvashi Sachdeva DNUPS8667F Preferential allottees of shares of Eco Friendly Food Processing Park Ltd.: 40. Ms. Sushma Bajaj AIMPB4769K 41. Mr. Munish Bajaj ABHPB1469L 42. Ms. Monika Goel AAIPG1121A 43. Mr. Rakesh Kumar Goel AAPPG3572L 44. Mr. Sandeep Narang AAAPN2282K 45. Ms. Tanya Narang AQBPN5620N 46. Ms. Bharti Batra AEOPB3108E 47. Mr. Navel Kishore Gupta AETPG1792C 48. Mr. Jagdish Chand Gupta AGKPG9668A 49. Mr. Mukul Gupta and Mr. Satish Kumar Gupta ALAPG3350L 50. Ms. Kaushalya Garg AADPG5893L Preferential allottees of shares of Channel Nine Entertainment Ltd.: 51. Mr. Manoj Singhal AAHPS9299N 52. Mr. Kapil Sachdeva AAXPS1493G 53. Mr. Gaurav Sachdeva AAXPS1700Q 54. Ms. Bhupinder Kaur AOOPK2220E 55. Mr. Harcharan Singh ARRPS5413M

Order in the matter of four scrips in SME Segment Page 3 of 107 63. Mr. V. Balsubramaniam AAGPB1427L 64. Ms. B Rajeshwari AAEPR5593F 65. Mr. Vikas Raj ADJPR7115B 66. Mr. Sudhir Aggarwal AAGPA8954P 67. Mr. Chetan Kunverjibhai Thakkar ACNPT4287B 68. Mr. Prithvi Sudhir Vora APZPV0747H 69. Mr. Sushant Muttreja AJZPM7650C Preferential allottees of shares of HPC Biosciences Ltd. 70. Mr. Ankur Jain AAFPJ7614L 71. Mr. Abhishek Jain ADDPJ5506C 72. Mr. Suresh Chand Jain ADVPJ1356J 73. Ms. Shalini Gupta AGYPG1226G 74. Mr. Shaleen Kumar Singh ASPPS3078P

Order in the matter of four scrips in SME Segment Page 4 of 107 97. Ms. Madhu Saraf AAUPS2341G 98. Ms. Nandini Pansari AGDPP7573L 99. Mr. Gaurav Chandra AGRPC3451C 100. Mr. Sanjeev Gupta AAHPG1456D 101. Ms. Namita Gupta AAMPG5487F 102. Mr. Nitin Kumar Bardia AFHPB4072M 103. Mr. Nikesh Bardia AIMPB9015E 104. Ms. Vidushi Kothari AOEPK7545Q 105. Mr. Ekas Chhabra AUKPC5480A 106. Mr. Sagar Jain AMNPJ8901E 107. Mr. Vikas Gupta AAHPG8607Q

Source: SecMarx — sebi:WTM/RKA/ISD/112/2016. 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.