Comfort Intech Ltd. and connected appellants

SAT-appeal

• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  Appeals partly allowed. · Three-year restraint from accessing and dealing in the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273 of 2018, 158 of 2018, 159 of 2018, 181 of 2018, 216 of 2018, 246 of 2018, 290 of 2018, 291 of 2018, 311 of 2018, 374 of 2018, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  All appeals partly allowed. · Three-year restraint/debarment order held to have been fully undergone and ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SEBI alleged that preferential allotment was followed by an abnormal and huge rise in the scrip prices, forming part of a fraudulent scheme to manipulate the market and make wrongful gains.
  All appeals partly allowed to the stated extent. · Three-year restraint and prohibition from accessing or associating with the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• Fraudulent scheme with common objective to make wrongful gains by manipulating market and undermining integrity via preferential allotment followed by abnormal huge rise in scrip price.
  Restraint from buying, selling, dealing in securities and association with market to end from 27.09.2019 · All appeals partly allowed without going into merits of manipulation charge
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed