Chunnilal Jain

SAT-appeal

• Alleged synchronized, reversal and self-trades and manipulation of Refex Refrigerant Limited’s share price by connected entities; Anil T. Jain and related persons also allegedly failed to disclose transfers exceeding 2%.
  Appeals against the Adjudicating Officer’s 18 May 2018 penalty order were heard by SAT; operative disposal outcome is not included in the supplied text.
  Appeal: SAT Appeal Nos. 326, 327, 328, 336 and 413 of 2018; order dated 7 October 2020. Disposal result is not present in the supplied excerpt.
• Manipulation of Refex Refrigerant Limited shares through synchronised, reversal and self-trades, together with non-disclosure of transfer exceeding 2% under the SAST Regulations.
  Appeals challenge the Adjudicating Officer's order dated 18 May 2018 imposing penalties. · Each of Bhavesh Pabari, Hemant Madhusudan Sheth and Ankit Rajendra Sanchaniya was penalised Rs.10 lakh.
  Appeal: SAT Appeals Nos. 326, 327, 328, 336 and 413 of 2018; order reserved 13 January 2020 and decision dated 7 October 2020. Disposal outcome is not included in the provided text.
• Alleged synchronised, reversal and self-trades by 23 connected entities to manipulate RFL price; promoter Anil Jain failed to disclose off-market transfer of >2% shares.
  AO penalty of Rs.10 lakh each on Bhavesh Pabari, Hemant Sheth, Ankit Sanchaniya for PFUTP violations · AO penalty of Rs.1 crore jointly and severally on Anil T Jain, Chunnilal Jain, Nisha Rakesh Jain
• Manipulation of RFL scrip via synchronised, reversal and self-trades by connected groups including promoter entities; promoter Anil Jain's failure to disclose >2% off-market transfer under SAST/PIT.
  AO penalty of Rs.10 lakh each on Bhavesh Pabari, Hemant Sheth, Ankit Sanchaniya for PFUTP violations · AO penalty of Rs.1 crore jointly and severally on Anil T. Jain, Chunnilal Jain, Nisha Rakesh Jain for SAST, PIT and PFUTP violations
  Appeal: Appeal Nos. 326, 327, 328, 336 and 413 of 2018 before SAT, reserved on 13.01.2020, date of decision 07.10.2020 against AO order dated 18.05.2018
• Manipulation of RFL scrip via synchronised, reversal and self-trades by connected groups and failure by promoter to disclose off-market transfer of over 2% shares.
  Appeal: Appeal Nos. 326, 327, 328, 336 and 413 of 2018 against AO order dated 18 May 2018; Order Reserved on 13.01.2020, Date of Decision 07.10.2020; operative disposal not in excerpt