Bhavesh Patel

SAT-appeal

• Manipulation of the price and volume of S. J. Corporation Ltd. through a coordinated fraudulent and unfair trading scheme involving related entities.
  Appeals 456, 513, 525, 526, 531, 535 and 536 of 2015 disposed of by common decision · Challenge to the AO order dated 26 August 2015 adjudicating violations and monetary liability
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535 and 536 of 2015 disposed of by SAT on 25 April 2018; no appeal was filed against the WTM interim or confirmatory orders.
• Alleged fraudulent and unfair trading/manipulation in the scrip of S. J. Corporation Ltd. through a coordinated scheme involving connected entities.
  Appeals challenging the AO order dated 26 August 2015 were disposed of by this common decision. · The AO’s findings and monetary directions were challenged; the order records that 13 entities were directed to disgorge illegal gains and 19 entities to pay Rs. 2.5 crore jointly and severally.
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535 and 536 of 2015; common SAT decision dated 25 April 2018. No appeals were filed against the WTM ad-interim ex-parte order dated 5 February 2010 or confirmatory order dated 24 December 2010.
• Alleged fraudulent and manipulative trading scheme in S. J. Corporation Ltd. shares, involving connected entities and artificial price and volume increases.
  Appeals challenging the AO order dated 26 August 2015 were heard together and disposed of by a common decision. · The AO's disgorgement and joint-and-several penalty directions were considered in the appeals; the text provided does not state the individual appellate result.
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535 and 536 of 2015; decision dated 25 April 2018. No appeals challenged the 5 February 2010 ad-interim order or 24 December 2010 confirmatory order.
• Fraudulent scheme by 19 connected entities to manipulate price/volume of S.J. Corporation Ltd scrip in violation of Section 12A and PFUTP Regulations.
  Seven appeals heard together with Appeal No.525 of 2015 as lead case for common disposal · Impugned AO order had directed 13 entities to disgorge illegal gains
  Appeal: Appeal Nos.456,513,525,526,531,535,536 of 2015 against AO order dated 26.08.2015; reserved 05.03.2018, decided 25.04.2018; no appeal against WTM orders dated 05.02.2010 and 24.12.2010
• Alleged fraudulent scheme by 19 connected entities manipulating S.J. Corporation Ltd scrip price up ~2000% during Mar 2008-Oct 2009.
  13 entities directed to disgorge illegal gains per AO order 26.08.2015 · 19 entities directed to pay Rs.2.5 crore penalty jointly and severally per AO order
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535, 536 of 2015 with Misc. Appl. 379-380/2015; Reserved 05.03.2018, Decision 25.04.2018, lead case 525/2015
• Fraudulent scheme and price manipulation in scrip of M/s S.J. Corporation Ltd. by 19 connected entities, raising price ~2000% during investigation period.
  13 entities directed to disgorge illegal gains per AO order dated August 26, 2015 · All 19 entities directed to pay penalty of Rs. 2.5 crore jointly and severally per AO order
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535, 536 of 2015 reserved on 05.03.2018, decided on 25.04.2018 against AO order dated 26.08.2015
• Fraudulent scheme and price manipulation in scrip of S.J. Corporation Ltd by 19 connected entities in illiquid scrip
  Seven appeals heard together with Appeal No.525/2015 as lead case for common decision · AO order of disgorgement by 13 entities and Rs.2.5 cr joint penalty on 19 entities under challenge
  Appeal: Appeal Nos.456,513,525,526,531,535,536 of 2015 reserved 05.03.2018, decided 25.04.2018; no appeal against WTM orders of 05.02.2010/24.12.2010