Adinath Shares and Commodities Pvt. Ltd.

SAT-appeal

• Alleged price manipulation in Nikki Global Finance Ltd. through connected entities’ trading and positive Last Traded Price contributions during patch 1.
  Appeal: Appeal Nos. 343 to 352 of 2021 decided by SAT on 7 February 2022; challenge was to the common WTM order dated 26 February 2021.
• Alleged price manipulation and unfair trade practices in Nikki Global Finance Ltd. through connected trading and positive LTP contributions during patch 1.
  Appeals challenged the WTM's common order dated 26 February 2021 restraining appellants from accessing the securities market for three months.
  Appeal: Appeal Nos. 343 to 352 of 2021; order reserved 18 January 2022 and decision dated 7 February 2022. Extracted text does not state final disposal directions.
• Alleged price manipulation of Nikki Global Finance Ltd via connected-entity trades generating significant positive LTP in Patch-1.
  WTM restraint of 3 months market access held unsustainable · Appeals allowed and WTM common order dated 26 February 2021 set aside qua appellants
  Appeal: Appeal Nos. 343 to 352 of 2021 with Misc. Application 420 of 2021 decided 07.02.2022, reserved 18.01.2022, allowed
• SAT matter SATV-34B1F15CA86DEBAE015AA580
  Impugned SEBI common order dated 28 January 2022 quashed qua appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100-109 of 2022 against SEBI order dated 28 January 2022 allowed on 08.03.2022; impugned order quashed
• Alleged manipulation of Nikki Global Finance Ltd price by connected entities contributing significant positive LTP in Patch 1, violating PFUTP Regulations.
  WTM common order dated 26 February 2021 held unsustainable and set aside; appeals allowed · 3-month restraint from accessing securities market on 10 appellants quashed
  Appeal: Appeal Nos. 343-352 of 2021 against WTM order dated 26 Feb 2021 allowed; reserved 18.01.2022, decided 07.02.2022
• SAT matter SATV-504231E3718BB551A046C311
  Impugned order dated January 28, 2022 quashed qua the appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 decided on 08.03.2022 - allowed, common SEBI order dated 28.01.2022 quashed qua appellants
• SAT matter SATV-6C40F3922887061AEC701876
  Order reserved after hearing parties through video conference
  Appeal: Appeal Nos. 343 to 352 of 2021 with Misc. Application No. 420 of 2021 (Stay Application) heard on 18.01.2022; order reserved
• SAT matter SATV-68C008491A27C169DEE61402
  Impugned common SEBI order dated 28 January 2022 quashed qua the appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 allowed on 08.03.2022; impugned order dated 28.01.2022 quashed
• SAT matter SATV-78D14A2E80E65A40B7A83FAA
  Impugned common order dated 28 January 2022 quashed qua the appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 allowed vide SAT order dated 08.03.2022
• SAT matter SATV-96615EFF2B4A82B0D5321E31
  Impugned SEBI order dated 28 Jan 2022 quashed qua appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100-109 of 2022 allowed on 08.03.2022; SEBI order dated 28.01.2022 quashed qua appellants
• SAT matter SATV-C906384CC8B87D9030411F2F
  Impugned order dated 28 January 2022 quashed qua the appellants · Appeal Nos. 100 to 109 of 2022 allowed
• SAT matter SATV-B6C6F342A86A12C9B61FD7A4
  Order reserved after hearing parties through video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Misc. Application No. 420 of 2021 (Stay) and Appeal Nos. 343 to 352 of 2021 heard on 18.01.2022; order reserved, no disposal on merits in this order
• SAT matter SATV-CACF8B9674F26A9628FBCA91
  Impugned common order dated 28.01.2022 quashed insofar as it relates to appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 allowed on 08.03.2022; common SEBI order dated 28.01.2022 quashed qua appellants
• SAT matter SATV-D959BAE878FC32B4323925F8
  Impugned common order dated January 28, 2022 quashed qua appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 allowed and disposed on 08.03.2022
• Alleged price manipulation of Nikki Global Finance Ltd scrip in Patch-1 by connected entities trading amongst themselves and contributing significant positive Last Traded Price (LTP).
  WTM common order dated 26 Feb 2021 had restrained appellants from accessing securities market for 3 months · SAT held impugned order cannot be sustained and set aside restraint against appellants
  Appeal: Appeal Nos. 343-352 of 2021 with Misc. Application No. 420 of 2021 disposed by SAT decision dated 07.02.2022 (reserved 18.01.2022)
• SAT matter SATV-D6C55CE2BA98B45F1739A0B2
  Order reserved after hearing counsel via video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 343-352 of 2021 with Misc. Application No. 420 of 2021 (Stay) heard on 18.01.2022; order reserved
• SAT matter SATV-E88CE83F321F3FB6ABF117D1
  Impugned SEBI order quashed qua the appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100-109 of 2022 allowed by SAT order dated 08.03.2022; common SEBI order dated 28.01.2022 quashed qua appellants
• Alleged manipulation of Nikki Global Finance Ltd scrip price in Patch-1 by connected entities contributing significant positive LTP and trading amongst themselves.
  WTM common order dated 26 February 2021 held unsustainable and set aside · 3-month restraint from accessing securities market on appellants quashed
  Appeal: Appeal Nos. 343-352 of 2021 and Misc. Application No.420 of 2021 disposed on 07.02.2022 (reserved 18.01.2022) by allowing appeals
• Alleged price manipulation in Nikki Global Finance Ltd. through connected entities trading among themselves and contributing positively to the market Last Traded Price.
  Appeals challenged the WTM's common order dated 26 February 2021 restraining appellants from accessing the securities market for three months
  Appeal: Appeal Nos. 343 to 352 of 2021 were heard together; order reserved 18 January 2022 and decision dated 7 February 2022. The supplied text ends during reasoning and does not state final disposal directions.
• SAT matter SATV-71079E61182244D1E68A2DA1
  Impugned common order dated 28 January 2022 quashed insofar as it related to the appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 decided on 8 March 2022; appeals allowed and impugned order quashed insofar as it related to appellants
• Alleged price manipulation of Nikki Global Finance Ltd in Patch 1 by connected entities contributing significant positive LTP.
  WTM restrained appellants from accessing securities market for 3 months · SAT held impugned WTM order dated 26 Feb 2021 cannot be sustained
  Appeal: Appeal Nos. 343 to 352 of 2021, reserved 18.01.2022, decided 07.02.2022
• SAT matter SATV-9462581B02E3578E5F676318
  Impugned common order dated January 28, 2022 quashed qua the appellants · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 100 to 109 of 2022 decided on 08.03.2022 - allowed; common SEBI order dated 28.01.2022 quashed qua appellants
• Alleged manipulation of Nikki Global Finance Ltd. scrip in Patch 1 via connected entities contributing 42.23% positive LTP and trading amongst themselves.
  Impugned WTM common order dated 26 February 2021 held unsustainable · Three-month restraint from accessing securities market on appellants set aside
  Appeal: Appeal Nos. 343 to 352 of 2021 with Misc. Application No.420 of 2021 decided on 07.02.2022, reserved on 18.01.2022
• SAT matter SATV-BE6480992BE3D4439E219711
  Order reserved after hearing counsel for parties via video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 343 to 352 of 2021 with Misc. Application No. 420 of 2021 (Stay) heard on 18.01.2022 - order reserved
• Alleged manipulation of Nikki Global Finance Ltd. scrip in Patch 1 by connected entities contributing significant positive LTP and trading amongst themselves to raise price.
  SAT held WTM common order dated 26 Feb 2021 cannot be sustained · 3-month securities market restraint on 10 appellants set aside; appeals allowed
  Appeal: Appeal Nos. 343 to 352 of 2021 against WTM order dated 26 Feb 2021 disposed on 07.02.2022 (reserved 18.01.2022) - allowed