Dhananjay Kumar

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced from Rs 20 lakhs to Rs 5 lakhs
Reduced penalty to be paid within three months

SAT-appeal

SAT matter SATV-2F98D13F1AC8A4CC5B8055AC
SEBI directed to file a reply regarding service of the show-cause notice within 10 days from 15 June 2021 · Matter listed for 25 June 2021
Appeal: Appeal No. 396 of 2021 was pending; order dated 15 June 2021 directed SEBI to respond on service of notice. Misc. Application No. 116 of 2021 also pending.
Repetitive synchronized trades amongst connected group entities creating artificial volume and artificial price rise in Kushal Tradelink Ltd via LTP, NHP and First Trade contribution.
Violation of Regulation 3 and 4 of PFUTP Regulations affirmed · Penalty reduced from Rs 20 lakhs to Rs 5 lakhs
Appeal: Appeal No. 316 of 2022 against AO order dated 22 February 2022 disposed on 28.06.2022 - partly allowed
SAT matter SATV-EDFD3FA5E1918E9D673ECD52
Impugned AO order quashed insofar as it relates to the appellant · Matter remitted to AO to pass fresh order in accordance with law after serving show cause notice
Appeal: Misc. Application No. 396 of 2021 (delay of 1105 days) allowed; Appeal No. 116 of 2021 allowed on 25.06.2021

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Source: SecMarx — Dhananjay Kumar. 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.