BP Fintrade Pvt. Ltd.

10 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants directed to pay the penalty within 30 days from 20 November 2020.
Parties to seek instructions from Registrar 48 hrs before fixed date on hearing mode
AO joint and several penalty of Rs 5 lakh upheld (may pay Rs 2.5 lakh each)
Parties to contact Registrar 48 hours before fixed date on hearing mode
AO joint and several penalty of Rs 5 lakh upheld, may pay Rs 2.5 lakh each

SAT-appeal

Manipulation of Blue Blends (India) Ltd.'s share price through an 'Advancing the Bid' trading strategy, including repeated sell orders below the last traded price.
All four appeals dismissed. · Four-week restraint from the securities market upheld.
Appeal: Appeal Nos. 189 and 190 of 2020 challenged the WTM order; Appeal Nos. 191 and 192 of 2020 challenged the AO order. All four appeals were dismissed on 20 November 2020.
SAT matter SATV-1CCA94D02A46A9CD0B1028B3
Order reserved; no merits decision or operative relief recorded in the extracted text · Parties directed to act on the digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 189, 190, 191 and 192 of 2020 heard by SAT; order dated 07 September 2020 records that the matter was heard and reserved.
SAT matter SATV-5F5092CD52B3D8986C91B1E6
Order reserved after hearing both sides through video conference · Parties directed to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 189, 190, 191, 192 of 2020 heard on 07.09.2020; order reserved
SAT matter SATV-9C4CC3F89AB1CCC6A0DA8929
Respondent to file reply within four weeks; appellant to file rejoinder within two weeks thereafter · Connect with Appeal Lodging No. 179 of 2020 (BP Comtrade Pvt. Ltd. vs SEBI)
Appeal: Appeal Lodging No. 180 of 2020 (BP Fintrade Pvt. Ltd. vs SEBI) pending; interim stay granted on 26.06.2020; next date 17.08.2020
Unilateral price manipulation of Blue Blends (India) Ltd scrip by 'Advancing the Bid' - repeated sell orders below LTP depressing price
All four appeals dismissed with no costs · WTM debarment of 4 weeks upheld
Appeal: Appeal Nos. 189, 190, 191, 192 of 2020 dismissed on 20 November 2020 (hearing 7 September 2020)
SAT matter SATV-A4BACF9FCF799DD4B16B0840
Respondent allowed ten days time to file reply · Appellant allowed one week thereafter to file rejoinder
Appeal: Appeal Lodging No.219 of 2020, order dated 31 July 2020 - pending; adjourned for admission and final disposal to 17 August 2020; connected with Appeal (L) No.179 of 2020 and No.180 of 2020
Unilateral manipulation of Blue Blends (India) Ltd scrip by 'Advancing the Bid' - repeated sell orders below LTP to depress price during Feb-Apr 2016.
All four appeals dismissed with no order on costs · WTM 4-week debarment from securities market upheld
Appeal: Appeal Nos. 189, 190, 191 and 192 of 2020 dismissed by SAT order dated 20.11.2020
SAT matter SATV-FEA9AB3FB31334E7227082B0
Order reserved after hearing on 07.09.2020 · Parties directed to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 189, 190, 191 and 192 of 2020 heard on 07.09.2020; order reserved with no final disposal yet
SAT matter SATV-69DEE74097B464117AF023F7
Order reserved after hearing appellants and SEBI through video conference · Parties directed to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 189, 190, 191, 192 of 2020 - heard on 07.09.2020, order reserved
Unilateral price manipulation in Blue Blends (India) Ltd scrip by strategy of 'Advancing the Bid' - repeated sell orders below LTP depressing price.
All four appeals dismissed with no order on costs · WTM 4-week debarment confirmed
Appeal: Appeal Nos. 189, 190, 191 and 192 of 2020 heard 07.09.2020, decided and dismissed 20.11.2020

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Source: SecMarx — BP Fintrade Pvt. Ltd.. 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.