Akash Sukhdev Swami

12 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO order 06.11.2020 imposed penalty of Rs 5 lakh each under Section 15HA
AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
AO order 6 Nov 2020: imposed penalty of Rs 5 lakh each under Sec 15HA on same facts
AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
AO imposed penalty of Rs 5 lakh each vide order dated November 6, 2020

SAT-appeal

Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by placing miniscule sell orders to contribute to price rise as first seller.
WTM order 29.07.2020 restrained all appellants from dealing in securities · AO order 06.11.2020 imposed penalty of Rs 5 lakh each under Section 15HA
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204,205 of 2021 against WTM order 29.07.2020 and AO order 06.11.2020; hearing 15.07.2021, decision 24.08.2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing minuscule sell orders to mark price rise as first seller.
WTM order dated 29 July 2020 restrained appellants from dealing in securities · AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing miniscule sell orders of 10-15 shares despite large holdings as first seller to drive price rise.
WTM order 29 July 2020: held all 9 guilty of PFUTP violation, restrained from dealing in securities · AO order 6 Nov 2020: imposed penalty of Rs 5 lakh each under Sec 15HA on same facts
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204-205 of 2021; hearing 15.07.2021, decision 24.08.2021; delay 44-50 days condoned
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd during two patches in violation of PFUTP Regulations 3 and 4.
WTM order dated 29 July 2020 restrained appellants from dealing in securities · AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 heard 15.07.2021, decided 24.08.2021; delay 44-50 days condoned
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing miniscule sell orders of 10-15 shares as first seller despite holding substantive shares.
WTM restrained all appellants from dealing in securities per order dated July 29, 2020 · AO imposed penalty of Rs 5 lakh each vide order dated November 6, 2020
Appeal: Appeal Nos 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021; delay 44-50 days condoned; heard 15.07.2021 decided 24.08.2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price during two patches via miniscule sell orders contributing to price rise in violation of PFUTP norms.
WTM impugned order restrained appellants from dealing in securities · AO impugned order imposed Rs 5 lakh penalty on each appellant
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204-205 of 2021; hearing 15.07.2021, decision 24.08.2021; delay condoned
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd. (MJTL) during two patches by group and three individuals in violation of PFUTP Regulations.
WTM order dated July 29, 2020 restrained all nine noticees from dealing in securities · AO order dated November 6, 2020 imposed penalty of Rs.5 lakh each on same facts
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by group and individuals in violation of PFUTP Regulations.
Appeal: Appeal Nos 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021; hearing 15.07.2021, decision 24.08.2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price in two patches by placing miniscule 10-15 share sell orders as first seller to contribute to price rise.
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 with Misc. Appl. 429, 531-538 of 2021; delay 44-50 days condoned; heard 15.07.2021, decided 24.08.2021
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by contributing to price rise as first seller.
WTM order dated July 29, 2020 restrained all appellants from dealing in securities · AO order dated November 6, 2020 imposed penalty of Rs.5 lakh each
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 heard on 15.07.2021, decided on 24.08.2021; delay of 44-50 days condoned
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price during two patches by miniscule sell orders setting higher price in violation of PFUTP Regs 3-4.
WTM order dated 29 July 2020 restrained all nine appellants from dealing in securities · AO order dated 6 November 2020 imposed Rs.5 lakh penalty each on same facts
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by placing miniscule sell orders as first seller to contribute to price rise.
Delay of 44-50 days in filing appeals condoned · Challenge to WTM order dated 29.07.2020 restraining noticees from dealing in securities
Appeal: Appeal Nos.326-328,363,369-373 of 2020 and 152-158,204-205 of 2021 heard 15.07.2021, decided 24.08.2021; delay condoned vide Misc.Appl.429,531-538 of 2021

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Source: SecMarx — Akash Sukhdev Swami. 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.