Bharat Natwarlal Patel

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellant to deposit Rs.1.5 lakhs within four weeks from 26.4.2023; balance not to be recovered pending appeal
Penalty of Rs. 25 lakhs against appellant quashed
SEBI directed to refund Rs. 1.5 lakhs deposit

SAT-appeal

SAT matter SATV-EB526D60DFA591842B2002B2
Three weeks time allowed to appellant to file rejoinder · List matter on 25 August 2023
Appeal: Misc. Application No. 849 of 2023 and Appeal No. 399 of 2023 pending; rejoinder stage; next listing 25 August 2023
One intraday trade by appellant found objectionable and treated as circular/synchronised trade.
Delay in filing appeal condoned; Misc. Application No.475 of 2023 allowed · Respondent SEBI to file reply within three weeks; rejoinder three weeks thereafter
Appeal: Appeal No.399 of 2023 with Misc. Applications 475-476 of 2023; delay condoned, interim stay with deposit granted, pending for admission/final disposal
Creating misleading appearance of trading in Edynamics Solutions Limited through circular and synchronized trades amongst connected entities without change of ownership to inflate volume
Delay condoned; Misc. Application No. 849 of 2023 allowed · Penalty of Rs. 25 lakhs against appellant quashed
Appeal: Appeal No. 399 of 2023 with Misc. Application No. 849 of 2023 allowed on 10.10.2023; AO penalty quashed for appellant
SAT matter SATV-B04E74B0063C094FDD588D56
Two weeks further time allowed to the appellant to file rejoinder · List on October 10, 2023
Appeal: Appeal No. 399 of 2023 with Misc. Application No. 849 of 2023 pending; rejoinder stage; next listing October 10, 2023

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Source: SecMarx — Bharat Natwarlal Patel. 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.