Devendra Suresh Gupta

SAT-appeal

• Alleged participation with connected entities in the Pabari-Parikh group and trading in shares of Gemstone Investment Limited in violation of the PFUTP Regulations.
  Impugned adjudication order dated 28 November 2014 set aside qua Devendra Suresh Gupta. · Matter restored to SEBI's Adjudicating Officer for fresh decision on merits and in accordance with law.
  Appeal: Appeal No. 117 of 2015 and Appeal No. 267 of 2015 disposed of on 18 March 2016; Misc. Application No. 184 of 2015 allowed by condoning 110 days' delay.
• Alleged violation of the PFUTP Regulations by trading in shares of Gemstone Investment Limited as part of the connected Pabari-Parikh group.
  Impugned adjudication order dated 28 November 2014 set aside qua Devendra Suresh Gupta. · Matter restored to the SEBI Adjudicating Officer for fresh decision on merits and in accordance with law.
  Appeal: Appeal Nos. 117 and 267 of 2015 disposed of by SAT on 18 March 2016; both matters remanded to the SEBI Adjudicating Officer.
• Appellants as part of 31-entity Pabari-Parikh group allegedly connected and traded in Gemstone Investment Limited shares in violation of PFUTP Regulations.
  Impugned AO order dated 28/11/2014 quashed and set aside qua both appellants · Matters remanded to AO of SEBI for fresh order on merits in accordance with law
  Appeal: Appeal No.117 of 2015 and Appeal No.267 of 2015 against AO order dated 28/11/2014 disposed on 18/03/2016 by remand for fresh decision
• Alleged that appellant is a connected person per fresh show cause notice dated December 30, 2019.
  Impugned AO order dated February 25, 2020 quashed · Appeal No. 176 of 2020 allowed at admission stage without calling for reply
  Appeal: Appeal No. 176 of 2020 allowed on 14.08.2020; impugned AO order dated 25.02.2020 quashed
• SAT matter SATV-778359A870246DBADCB42BAA
  Appellant granted three weeks to file a rejoinder · Matter listed for 18 May 2021
  Appeal: Appeal No. 368 of 2019 was pending; procedural order dated 12 April 2021 granted time for rejoinder and listed the matter on 18 May 2021.
• SAT matter SATV-500B0429977BC87367F7FF21
  Misc. Application No. 454 of 2019 dismissed - 201 days delay not condoned · Appeal No. 367 of 2019 disposed of consequent to dismissal of delay application
  Appeal: Appeal No. 367 of 2019 with Misc. Application No. 454 of 2019 decided on 05.12.2019 - delay condonation refused, appeal disposed of
• SAT matter SATV-5BDB0B1523E5430E98B9205C
  Delay of 316 days condoned; Misc. Application No. 455 of 2019 allowed · Respondent to file reply within three weeks from 02.03.2021
  Appeal: Appeal No. 368 of 2019 pending; 316 days delay condoned on 02.03.2021; next hearing 12.04.2021