Anil Gandhi

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned penalty order set aside
Adjudicating officer order imposing Rs.4 lacs penalty upheld

SAT-appeal

Alleged failure to make disclosures after aggregate purchases exceeded 10% of Filmcity Media Ltd.'s share capital, under Regulation 7 of the Takeover Regulations and Regulation 13(5) of the Insider Trading Regulations.
Appeal allowed · Impugned penalty order set aside
Appeal: Appeal No. 273 of 2009 decided on 15 July 2010; appeal allowed and impugned order set aside.
Executed synchronized circular and reverse trades on behalf of client Chaitanya Raote in league with counterparty broker and client.
Adjudicating officer order imposing Rs.4 lacs penalty upheld · Appeal dismissed with no order as to costs
Appeal: Appeal No. 3 of 2010 decided on 29.1.2010 - dismissed

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Source: SecMarx — Anil Gandhi. 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.