Anandilal Chanda

11 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Challenges included debarment, disgorgement and monetary penalties imposed by SEBI WTM and AO orders.
List all matters on March 2, 2023
List matters on November 17, 2022
WTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years
WTM: Chaturvedis to disgorge Rs.18,98,39,179 incl interest jointly and severally

SAT-appeal

Alleged front-running of Sterling group trades during January 1, 2010 to December 15, 2010 through multiple trading accounts, generating unlawful gains.
Appeal: SAT disposed Appeal Nos. 335/2021, 403/2021, 404/2021, 448/2021, 449/2021, 12/2022, 35/2022, 68/2022, 450/2022 and 451/2022 by decision dated October 30, 2023; disposal outcome not included in supplied text
SAT matter SATV-216DF89E435F8B6886290F2B
Review Application No. 20 of 2024 dismissed · Pending interlocutory applications disposed of
Appeal: Review Application No. 20 of 2024 in Appeal No. 335 of 2021 dismissed by SAT on 11 December 2024 after 170 days' delay.
Alleged front-running of Sterling group trades by using advance knowledge of intended trades, through multiple connected trading accounts, generating unlawful gains.
Ten appeals by 14 noticees were clubbed and decided together; the extract does not state the final operative disposal. · Challenges included debarment, disgorgement and monetary penalties imposed by SEBI WTM and AO orders.
Appeal: Appeal Nos. 335/2021, 403/2021, 404/2021, 448/2021, 449/2021, 12/2022, 35/2022, 68/2022, 450/2022 and 451/2022; decision dated 30 October 2023
SAT matter SATV-B463DA78C2C0AB607D6587D3
List all matters on March 2, 2023
Appeal: Appeal Nos. 335, 403, 404, 448, 449 of 2021 and 12, 35, 68, 450, 451 of 2022 with Misc. Applications pending before SAT; adjourned to March 2, 2023 vide order dated 31.01.2023
SAT matter SATV-E55911E99763E3114BB0B31E
Adjourned on request of appellants' counsel · List matters on November 17, 2022
Appeal: Appeal Nos. 335, 403, 404, 448, 449 of 2021 and 12, 35, 68, 450, 451 of 2022 adjourned vide order dated 01.11.2022; listed on November 17, 2022
Front-running of Sterling group trades during Jan-Dec 2010 by Manish Chaturvedi with aid of family and other noticees through 7 trading accounts.
WTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years · WTM: Chaturvedis to disgorge Rs.18,98,39,179 incl interest jointly and severally
Appeal: Ten appeals Nos.335,403,404,448,449/2021 and 12,35,68,450,451/2022 heard 25.04.2023, decided 30.10.2023
Alleged front-running of Sterling group trades through multiple trading accounts, using advance knowledge of intended trades and coordinated trading activity.
Appeal: Ten appeals were clubbed and heard on 25 April 2023; decision dated 30 October 2023. Outcome is not included in the supplied text.
SAT matter SATV-6E54001211AA5883D4155F59
Affidavit in reply may be filed · Rejoinder, if any, may be filed thereafter
Appeal: Appeal No. 451 of 2022 pending; listed for admission and final disposal on August 23, 2022
Front-running of Sterling group trades during Jan-Dec 2010 by insider Manish Chaturvedi via family/connected accounts; separate front-running of Sharekhan clients by Anandilal Chanda.
Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years per WTM order · Chaturvedi group to disgorge Rs 18,98,39,179 including interest jointly and severally
Appeal: Ten appeals Nos. 335,403,404,448,449 of 2021 and 12,35,68,450,451 of 2022 clubbed; heard 25.04.2023, decided 30.10.2023 against WTM and AO orders
Challenge to recovery of Rs 91,21,781 disgorgement; allegation of impermissible interest on interest component of Rs 50,93,301.
Appeal No. 121 of 2025 dismissed · Recovery proceedings held in consonance with WTM direction and upheld
Appeal: Appeal No. 121 of 2025 dismissed on 25.02.2025; prior Appeal No. 335 of 2021 dismissed on 30.10.2023; Review RA No. 20 of 2024 dismissed on 11.12.2024; proposal to appeal to Supreme Court noted
Front-running of trades of Sterling group entities by Manish Chaturvedi with aid of related/front entities through 7 trading accounts.
WTM: Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years · WTM: Viraj Mercantile, Abhinandan Ranka, Josh Trading, E-Ally, Sandeep/Neeta Maloo debarred 5 years
Appeal: Ten appeals Nos 335,403,404,448,449/2021 and 12,35,68,450,451/2022 heard 25.04.2023 decided 30.10.2023

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Source: SecMarx — Anandilal Chanda. 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.