Abhay Kumar Mehta, HUF
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.
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
- 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.
Source: SecMarx — Abhay Kumar Mehta, HUF. 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.