Abhay Kumar Mehta

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals 347 to 350 of 2014 were disposed of by modifying the penalty imposed on each appellant.
Penalty for each of the four appellants was reduced from Rs. 10 lakh to Rs. 5 lakh.
Four appeals were disposed of by modifying the penalty imposed on each appellant from Rs. 10 lakh to Rs. 5 lakh.
Each appellant was directed to pay Rs. 5 lakh to SEBI.
Guilt for synchronized/reversal trades upheld for all six noticees

SAT-appeal

Executing synchronized/reversal trades in Rodium Realty Ltd. shares, without genuine change in ownership, creating artificial trading volume and violating the FUTP Regulations.
Appeals 347 to 350 of 2014 were disposed of by modifying the penalty imposed on each appellant. · Penalty for each of the four appellants was reduced from Rs. 10 lakh to Rs. 5 lakh.
Appeal: Appeal Nos. 347, 348, 349 and 350 of 2014 disposed of by common SAT order dated 30 September 2015
SAT matter SATV-382E5191AF95591347F426A6
Matter adjourned and to be put up on May 13, 2022 for appellant counsel to take instructions on service issue · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 204 and 205 of 2022 with Misc. Applications 332 and 333 of 2022 pending before SAT; adjourned to May 13, 2022 on service dispute
Executing synchronized/reversal trades in Rodium Realty Ltd. that created artificial trading volume and constituted fraudulent and unfair trade practices.
Four appeals were disposed of by modifying the penalty imposed on each appellant from Rs. 10 lakh to Rs. 5 lakh. · Each appellant was directed to pay Rs. 5 lakh to SEBI.
Appeal: Appeal Nos. 347, 348, 349 and 350 of 2014 disposed of on 30 September 2015 by modifying the penalties; no costs.
Synchronized/reversal trades in Rodium Realty Ltd scrip creating artificial volume without change of ownership, violating PFUTP Regulations.
Guilt for synchronized/reversal trades upheld for all six noticees · Penalty reduced from Rs 10 lakh to Rs 5 lakh each for four appellants
Appeal: Appeal Nos.347,348,349 and 350 of 2014 disposed of on 30 September 2015 by common order modifying penalty
SAT matter SATV-795B30E8EB90AD176A5B7A6C
Matter put up tomorrow i.e. on May 13, 2022 for further hearing · Counsel for appellant to take necessary instructions on service issue
Appeal: Appeal No. 204 of 2022 with Misc. Application No. 332 of 2022 and Appeal No. 205 of 2022 with Misc. Application No. 333 of 2022 pending, adjourned to 13.05.2022
SAT matter SATV-A78739DC02017342D6E3CC02
Appeal No. 204 of 2022 dismissed as not pressed
Appeal: Appeal No. 204 of 2022 with Misc. Application No. 332 of 2022 dismissed as not pressed on 13.05.2022

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Source: SecMarx — Abhay Kumar Mehta. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.