Deepak Pandurang Vikhape

SAT-appeal

• Violation of disclosure requirements under Regulations 13(1) and 13(3) read with Regulation 13(5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.
  Appeal disposed of after deposit of penalty and interest. · Recovery Officer directed to withdraw the attachment of the appellant's salary bank account at the earliest.
  Appeal: Appeal No. 403 of 2019 disposed of on 26 September 2019; earlier Appeal No. 152 of 2018 was disposed of on 3 May 2018.
• Violations of the SEBI (Prohibition of Insider Trading) Regulations, 1992 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  Each appellant permitted to pay the penalty within three months from 1 June 2018. · If unpaid within that period, SEBI may recover the penalty with interest from the penalty-order date until payment.
  Appeal: Appeal Nos. 152 and 153 of 2018 disposed of by SAT on 1 June 2018.
• Violation of SEBI (PIT) Regulations, 1992 and SEBI (SAST) Regulations, 2011 attracting penalty under Section 15AB
  Appellants permitted to pay penalty within three months from 01/06/2018, then AO order treated as complied · On default SEBI at liberty to recover penalty with interest from penalty order date till payment
  Appeal: Appeal No.152 of 2018 and Appeal No.153 of 2018 disposed on 01/06/2018
• SAT matter SATV-46C7CCBE9202B6349FE3D710
  Recovery Officer to withdraw attachment order forthwith upon 50% deposit · Misc. Application No. 753 of 2021 disposed of
  Appeal: Misc. Application No. 753 of 2021 in Appeal No. 170 of 2021 disposed of on 29.06.2021; appeal pending, next listed July 19, 2021; prior interim direction dated May 11, 2021 for 50% deposit
• Reversal trades in Synergy Bizcon without change in beneficial ownership creating misleading appearance of trading and inflating price manipulatively.
  Appeal Nos. 169 of 2021, 170 of 2021 and 340 of 2021 dismissed with no order as to costs · Appeal No. 399 of 2021 (Sanjay Saha) partly allowed - violation affirmed but penalty reduced from Rs 5 lakh to Rs 2 lakh
  Appeal: Appeal Nos. 169, 170, 340 of 2021 dismissed and Appeal No. 399 of 2021 partly allowed by SAT decision dated 09.11.2021 (hearing 29.10.2021)
• SAT matter SATV-5BA21151412F9EEE1F1CCC1F
  Order reserved after hearing counsel for parties · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 169, 170, 340 and 399 of 2021 with Misc. Applications Nos. 457, 459, 676 and 560 of 2021 heard on 29.10.2021; order reserved, no final disposal yet
• Reversal trades amongst connected entities without change in beneficial ownership creating misleading appearance and manipulatively increasing price of Synergy Bizcon Limited.
  Appeal Nos.169/2021, 170/2021 and 340/2021 dismissed with no order as to costs · Appeal No.399/2021 partly allowed; violation affirmed but penalty reduced from Rs.5 lakh to Rs.2 lakh
  Appeal: Appeal Nos.169, 170, 340 of 2021 dismissed and Appeal No.399 of 2021 partly allowed by SAT order dated 09.11.2021 (heard 29.10.2021)
• SAT matter SATV-430A5F188C5FB3C551FF570C
  Orders reserved in the connected appeals and miscellaneous applications · Parties directed to act on the digitally signed copy sent by fax or email
  Appeal: Appeal Nos. 169, 340, 170 and 399 of 2021 were heard; order reserved on 29 October 2021
• SAT matter SATV-8C498C33932413ADB6D58F1C
  Adjourned on request of one of the appellants · List matters on October 29, 2021
  Appeal: Appeal Nos. 169, 340, 170, 399 of 2021 pending; adjourned to 29.10.2021 vide order dated 31.08.2021
• Group of 8 indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
  Misc Applications 239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
  Appeal: Appeals 289, 310, 340 of 2018 disposed by SAT order dated 29.4.2021 (reserved 10.2.2021) - dismissed
• SAT matter SATV-BBED026786DCDDD3E20BCFF6
  Appeal disposed of with no order as to costs on SEBI statement · SEBI to take decision with regard to salary account and communicate to appellant
  Appeal: Appeal No. 265 of 2020 disposed of on 25.09.2020 with no order as to costs
• SAT matter SATV-B777DACB8E54E66CDBF93CC7
  Connect Appeal No. 170 of 2021 with Appeal No. 169 of 2021 Jinesh Bhatt and Ors vs SEBI · List matter on July 19, 2021
  Appeal: Appeal No. 170 of 2021 pending with Misc. Applications Nos. 459 and 676 of 2021 for urgent relief, next listed July 19, 2021
• SAT matter SATV-65DDD983E25DC4D8932A1118
  Order reserved · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 169, 170, 340 and 399 of 2021 were heard; order reserved on 29 October 2021.
• Group synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd contributing ~47-55% market volume and positive LTP
  Misc Applications 239 and 276 of 2018 allowed - delay in filing appeals condoned · Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
  Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc Apps 239 and 276 of 2018 disposed on 29.04.2021 (reserved 10.02.2021) - dismissed
• SAT matter SATV-8042A3B77E455D2AEFF356B4
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy by Private Secretary sent via fax/email due to Covid-19
  Appeal: Appeal Nos. 169, 340, 170, 399 of 2021 before SAT; heard on 29.10.2021, order reserved, no disposal yet
• Group of 8 including 5 appellants allegedly indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
  Misc. Applications No.239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeal Nos.289, 310 and 340 of 2018 dismissed with no order as to costs
  Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc. Applications 239 and 276 of 2018 dismissed on 29.04.2021 (reserved 10.02.2021)