Amita Singla, Rakesh Kumar Singla HUF

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

All appeals dismissed without costs; AO penalty sustained
All appeals dismissed without order as to costs; AO penalty sustained
AO penalty of Rs 30 lakhs jointly and severally affirmed

SAT-appeal

Manipulation of Sital Leasing and Finance Ltd scrip by fraudulently discovering Rs 720 price via SPOS and maintaining it through connected matched/first trades.
All appeals dismissed without costs; AO penalty sustained
Appeal: Appeal Nos 470,489,497,498,502 of 2020 dismissed on 20.09.2021; appeal abated for deceased Sachin Goel
Manipulation of Sital Leasing and Finance Ltd scrip price from Rs.3.10 to Rs.720 via SPOS and maintaining it through connected-party trades contributing to positive LTP.
All appeals dismissed without order as to costs; AO penalty sustained
Appeal: Appeal Nos.470, 489, 497, 498, 502 of 2020 heard 10.08.2021, decided and dismissed 20.09.2021; appeal abated for deceased Sachin Goel
Manipulation of price of scrip of Sital Leasing and Finance Ltd (SLFL) by fraudulently establishing price at Rs 720 and maintaining it through connected trades.
All appeals (Nos.470,489,497,498,502 of 2020) dismissed without order as to costs · AO penalty of Rs 30 lakhs jointly and severally affirmed
Appeal: Appeal Nos.470,489,497,498,502 of 2020 decided 20.09.2021 (hearing 10.08.2021) - all dismissed; Appeal 498 abated qua deceased Sachin Goel

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Source: SecMarx — Amita Singla, Rakesh Kumar Singla 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.