Azam Mohmmed Ahsan Shaikh

SAT-appeal

• Insider trading in Bank of Rajasthan shares while in possession of UPSI concerning its proposed merger with ICICI Bank; alleged coordinated funding and fraudulent/unfair trading.
  WTM order dated 22 November 2017 restrained appellants from buying, selling or dealing in securities for five years. · WTM directed joint and several disgorgement of Rs. 95,77,614 with 12% annual interest from 27 May 2010.
  Appeal: Appeal Nos. 8, 9, 10 and 11 of 2018 and 250, 261, 262 and 263 of 2020 were heard on 8 April 2021; decision dated 2 August 2021.
• SAT matter SATV-1308FA593403211FDD477D01
  Delay in filing the four Review Applications was condoned. · Review Applications Nos. 33 to 36 of 2021 were dismissed.
  Appeal: Review Applications Nos. 33 to 36 of 2021 in Appeals Nos. 8 to 11 of 2018 and connected Appeals Nos. 250, 261 to 263 of 2020 dismissed on 12 January 2022; common order under review dated 2 August 2021.
• Insider trading and fraudulent/unfair trading while in possession of UPSI concerning the proposed merger of Bank of Rajasthan with ICICI Bank; alleged funding and coordination among the appellants.
  Appeals against the WTM order dated 22 November 2017 and AO order dated 29 May 2020 were heard together; the provided text does not include the final operative disposal. · WTM order restrained appellants from buying, selling or dealing in the securities market for five years.
  Appeal: Appeal Nos. 8, 9, 10 and 11 of 2018 and 250, 261, 262 and 263 of 2020; hearing on 8 April 2021 and decision dated 2 August 2021. Final disposal is not included in the provided text.
• SAT matter SATV-3ACE691D3EAC8088FBCAA5A6
  Delay in filing the four Review Applications condoned · Review Applications Nos. 33 to 36 of 2021 dismissed
  Appeal: Review Applications Nos. 33 to 36 of 2021, filed against the common order dated 2 August 2021, dismissed on 12 January 2022; connected Appeals Nos. 8 to 11 of 2018 and 250 to 263 of 2020 listed in the matter.
• SAT matter SATV-FE9569E5B236F18447C50BFB
  Delay condonation in Misc. Applications Nos. 1441-1444 of 2021 allowed · Review Application Nos. 33-36 of 2021 against common order dated 02.08.2021 dismissed
  Appeal: Review Application Nos. 33-36 of 2021 in Appeal Nos. 8-11 of 2018 and 250,261-263 of 2020 dismissed on 12.01.2022; delay condoned
• Insider trading in Bank of Rajasthan scrip while in possession of UPSI about merger with ICICI Bank, in violation of PIT and fraud provisions.
  WTM order 22.11.2017: restrained from buying, selling or dealing for 5 years · WTM order: disgorge Rs. 95,77,614 with 12% p.a. interest from 27.05.2010 jointly and severally
  Appeal: Appeal Nos. 8,9,10,11 of 2018 vs WTM order 22.11.2017 and Appeal Nos. 250,261,262,263 of 2020 vs AO order 29.05.2020; heard 08.04.2021, decided 02.08.2021
• Insider trading in Bank of Rajasthan scrip while in possession of UPSI about merger of Bank of Rajasthan with ICICI Bank, funded through connected entities.
  WTM order: restrained from buying, selling or dealing in securities market for 5 years · WTM order: disgorge Rs. 95,77,614 with 12% p.a. interest from May 27, 2010 jointly and severally
  Appeal: Appeals No. 8,9,10,11 of 2018 and 250,261,262,263 of 2020 heard 08.04.2021, decided 02.08.2021; prior Advik appeal disposed 11.10.2017 directing final order in six weeks
• SAT matter SATV-A1AC9182EA459995344B9944
  Delay condonation applications allowed · Review Application Nos. 33-36 of 2021 dismissed with no order as to costs
  Appeal: Review Application Nos. 33-36 of 2021 in Appeal Nos. 8-11 of 2018 and 250, 261-263 of 2020 dismissed on 12.01.2022; common order dated 02.08.2021 upheld
• Insider trading in Bank of Rajasthan scrip while in possession of UPSI of BoR-ICICI merger, earning Rs 95,77,614 profit in connivance with Tayal family and Advik group.
  WTM 22 Nov 2017: restraint from securities market for 5 years · WTM 22 Nov 2017: disgorge Rs 95,77,614 with 12% interest from 27 May 2010 jointly and severally
• Merger of Bank of Rajasthan with ICICI Bank as UPSI; Rohit Gupta traded while in possession of UPSI in connivance with Tayal family and funded by Advik Textiles.
  WTM order 22 Nov 2017: restraint from securities market for 5 years · WTM order: disgorge Rs.95,77,614 with 12% p.a. from 27 May 2010 jointly and severally
  Appeal: Appeal Nos. 8, 9, 10, 11 of 2018 and 250, 261, 262, 263 of 2020 before SAT, heard 08.04.2021, decided 02.08.2021