Anil N. Alawani

10 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI directed to pay Rs. 5 lakhs as costs to the Registrar of SAT.
Directed deposit of proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Penalty per Table 20 para 164 including on A.N. Alawani as executing authority
Rs 5 lakh penalty on KIL for LODR non-disclosure
Direction to first deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing

SAT-appeal

SAT matter SATV-22BEF3F0AF88983F5540CA3C
Miscellaneous applications disposed of. · SEBI directed to pay Rs. 5 lakhs as costs to the Registrar of SAT.
Appeal: Appeal Nos. 499 of 2020 and 503 of 2020; SAT had quashed SEBI's order dated 20 October 2020 by order dated 12 October 2022. Miscellaneous applications disposed of on 4 December 2023.
Insider trading in KBL shares on 6 Oct 2010 (Alpana group) and 14 Oct 2010 (Sanjay group) while in possession of UPSI-1 (capital loss on investment/advances to subsidiary KCEL) and UPSI-2 (Q2 Jul-Sep 2010 results).
WTM order 20.10.2020 restrained Alpana group from securities market for different periods · Directed deposit of proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos. 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard 29.06.2022, decided 12.10.2022 against WTM orders dated 20.10.2020
Alleged insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 (KCEL capital loss) and UPSI-2 (Q July-Sept 2010 results), plus PFUTP fraud on KIL/minority.
WTM order 20 Oct 2020 restrained appellants from accessing securities market for varying periods · Direction to first deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
SAT matter SATV-798CA9C41297770EDD85B507
List Misc. Applications on November 29, 2023 to enable respondent counsel to take instructions from SEBI
Appeal: Misc. Application No. 1436 of 2023 in Appeal No. 499 of 2020 and Misc. Application No. 1437 of 2023 in Appeal No. 503 of 2020 - adjourned to November 29, 2023, not disposed
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 (capital loss on investment/advances to subsidiary KCEL) and UPSI-2 (Q2 July-Sept 2010 results), plus fraud on KIL/minority shareholders.
WTM order restrained appellants from accessing securities market for different periods · Directedly deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 heard together; Hearing 29.06.2022; Decision 12.10.2022
Insider trading in KBL shares on 6 Oct 2010 (Alpana group) and 14 Oct 2010 (Sanjay group) while in possession of UPSI-1 (capital loss on KBL investment/advances to subsidiary KCEL) and UPSI-2 (Q2 FY10 results July-Sept 2010); fraud on KIL/minority shareholders.
WTM order 20 Oct 2020 restrained Alpana group from accessing securities market for different periods · Direct to first deposit proposed disgorged amount per Table 18 para 154 then post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard together; hearing 29.06.2022, decision 12.10.2022
SAT matter SATV-6F117BF7F6860CAAFA99095D
List Misc. Applications on November 29, 2023 to enable SEBI counsel to take appropriate instructions
Appeal: Misc. Application No. 1436 of 2023 in Appeal No. 499 of 2020 and Misc. Application No. 1437 of 2023 in Appeal No. 503 of 2020 pending; adjourned to November 29, 2023 vide order dated 09.11.2023
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 and UPSI-2; plus PFUTP fraud on KIL/minority and LODR non-disclosure by KIL.
WTM restrained appellants from accessing securities market for different periods · Direct to deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard 29.06.2022, decided 12.10.2022
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 and UPSI-2.
Restraint from accessing securities market for different periods (WTM order) · Deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos. 499,503,504,505,506,507,508 of 2020 and 44 of 2021; hearing 29.06.2022, decision 12.10.2022
SEBI order 20.10.2020 in Kirloskar Brothers Limited restrained appellants from accessing securities market for six months.
Misc. Applications disposed directing SEBI to pay Rs 5 lakhs costs to Registrar of Tribunal · SEBI at liberty to take appropriate remedial measures against NSDL if fault lay with NSDL
Appeal: Appeal Nos. 499/2020 and 503/2020 allowed by SAT order dated 12.10.2022 quashing SEBI order dated 20.10.2020

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Source: SecMarx — Anil N. Alawani. 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.