Dharmendra R. Shah HUF

7 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals were being heard against the WTM order debarring appellants from accessing the securities market for 10 years from completion of disgorgement.
Appellants were restrained from dealing in the securities market for 10 years.
Appellants were held jointly and severally liable with other noticees to disgorge Rs. 6,78,85,716 plus 12% simple interest from 5 November 2013 until payment.
SEBI could pursue recovery according to the hierarchy specified in the WTM order.
Parties to take instructions from Registrar 48 hrs before date fixed on video conference or physical hearing

SAT-appeal

Alleged fraudulent scheme involving preferential allotment of shares without consideration, coordinated offloading after the lock-in period, and defrauding genuine shareholders in violation of Section 12A read with PFUTP Regulations 3 and 4.
Appeals were being heard against the WTM order debarring appellants from accessing the securities market for 10 years from completion of disgorgement. · Appellants were restrained from dealing in the securities market for 10 years.
Appeal: Five connected appeals: Appeal Nos. 393 of 2018, 394 of 2018, 408 of 2018, 71 of 2019 and 256 of 2019; hearing on 9 October 2019 and decision dated 18 October 2019. Disposition is not contained in the provided text.
SAT matter SATV-29A5EFC642D38F2F3936AA18
Review Application No. 5 of 2020 dismissed for lack of manifest error.
Appeal: Review Application No. 5 of 2020 in Appeal No. 394 of 2018 dismissed on 09 March 2021.
SAT matter SATV-8756E5F553AC1790D73EE686
Stand over to March 4, 2021 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference or physical hearing
Appeal: Misc. Application No. 114 of 2020 and Review Application No. 5 of 2020 in Appeal No. 394 of 2018 pending; stood over to March 4, 2021
37 entities acting as group portrayed fraudulent preferential allotment as genuine and offloaded shares post lock-in to defraud genuine shareholders for illegal profits.
Debarred from accessing securities market for 10 years from completion of disgorgement · Restrained from dealing in securities in any manner for 10 years
Appeal: Appeals No.393/2018,394/2018,408/2018,71/2019,256/2019 heard on 09.10.2019, decided on 18.10.2019 against common WTM order
37 entities acting together as group portrayed fraudulent transactions as genuine preferential allotment and offloaded shares post lock-in to earn illegal profits.
Debarred from accessing securities market directly or indirectly for 10 years from completion of disgorgement · Restrained from dealing in securities market in any manner for 10 years
Appeal: Appeal Nos. 393/2018, 394/2018, 408/2018, 71/2019, 256/2019 against common WTM order; heard 09.10.2019, decided 18.10.2019
37 entities acting as group portrayed fraudulent preferential allotment as genuine and offloaded shares post lock-in to earn illegal profits in SMS Techsoft scrip.
Debarred from accessing securities market directly/indirectly for 10 years from completion of disgorgement · Restrained from dealing in securities market in any manner for 10 years
Appeal: Appeal Nos. 393/2018, 394/2018, 408/2018, 71/2019, 256/2019 heard 09.10.2019, decision 18.10.2019 against common WTM order; final SAT disposal not in excerpt
SAT matter SATV-CA09F16D04017BE72A996719
Appeal No. 394 of 2018 listed on January 20, 2021 · Appellant may file scanned copies of memo of appeal etc. before Registry
Appeal: Appeal No. 394 of 2018 with Misc. Application No. 114 of 2020 and Review Application No. 5 of 2020 - adjourned and listed on January 20, 2021, not disposed

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Source: SecMarx — Dharmendra R. Shah HUF. 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.