Chirag Pujara

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced from Rs. 3 lacs to Rs. 1 lac.
Penalty reduced from Rs 10 lacs to Rs 5 lacs
If not paid by due date, original Rs 10 lacs recoverable

SAT-appeal

Execution of circular and synchronized trades in Kwality Dairy (India) Limited, creating artificial volumes and constituting fraudulent and unfair trade practices.
Appeal disposed of. · Penalty reduced from Rs. 3 lacs to Rs. 1 lac.
Appeal: Appeal No. 84 of 2006 disposed of by SAT on 8 August 2007; connected Appeal No. 85 of 2006 was previously dismissed as infructuous on 14 July 2006.
Executed circular/reversal synchronized trades in Todays Writing Products Ltd accounting for 50.21% buys and 50.22% sells of volume, violating Regulation 4
Appeal dismissed; 4-month restraint from buying, selling, dealing or accessing securities market upheld · Period of restraint already undergone to be adjusted while implementing impugned order
Appeal: Appeal No. 175 of 2007 decided on 12.6.2008 - dismissed with no costs
Executing circular trades with counterparties Shravan Kumar Goyal, A.K. Agarwal and Kishan Agarwal
Findings of circular trading upheld · Penalty reduced from Rs 10 lacs to Rs 5 lacs
Appeal: Appeal No. 99 of 2006 disposed on 3.9.2007 with penalty reduction; conditional restoration if default

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Source: SecMarx — Chirag Pujara. 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.