sebi:WTM/SM/IVD/ID15/25169/2022-23
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Facts / Headnote
Corrigendum issued to the Order dated January 30, 2023; SEBI directed to refund INR 18,560.10 to Ms. Meena Vira and INR 9,119.79 to Mr. Sanket Shah, and Mr. Anish Bagadia, Anish Pravin Bagadia HUF and Pravin Durlabhji Bagadia HUF directed to deposit INR 1,860.73 towards disgorgement of wrongful gains.
Parties
- Meena Vira
- Anish Bagadia
- Anish Pravin Bagadia HUF
- Pravin Durlabhji Bagadia HUF
- Sanket Shah
Holding
The corrigendum revised the disgorgement/refund computations for the Front Runner Noticees and directed refunds of INR 18,560.10 and INR 9,119.79 to Ms. Meena Vira and Mr. Sanket Shah respectively, while directing the three Bagadia Noticees to deposit INR 1,860.73 towards their disgorgement obligation.
Full text
Front Runner Noticees Total wrongful gains (INR) that is to be disgorged Amount already impounded (INR) Interest on lower of Total wrongful gains / Amount already impounded (INR) * Balance Amount Interest on Balance amount # Total Interest (INR) Total Amount to be disgorged (INR) Bagadia HUF Pravin Durlabhji Bagadia HUF 3,88,620 3,94,000 14,565.26 - - 14,565.26 4,03,185.26 Sanket Shah 4,06,226.25 4,30,571.18 15,225.14 - - 15,225.14 4,21,451.39 * Simple Interest is calculated at 12% for the period of 15/4/2020 (last date of examination period in Interim
HUF and Pravin Durlabhji Bagadia HUF) have to pay INR 1,860.73 towards their obligation of disgorgement of wrongful gains made by them in the subject matter.
Order) till 7/8/2020 (date of Interim Order). # Simple Interest is calculated at 12% for the period 10/8/2020 (last date of the investigation period) till date of Final Order.
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Source: SecMarx — sebi:WTM/SM/IVD/ID15/25169/2022-23. 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.