Dhvani Darshan Kothari

SAT-appeal

• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular and cross trades, allegedly creating artificial volumes and price rise without genuine change in beneficial ownership.
  Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard together and disposed of by this common decision.
  Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; common decision dated 22 June 2016; final disposal outcome not detailed in the provided excerpt.
• SAT matter SATV-07D8E57B06F85B9B9E029CA9
  Appeal Nos. 198, 199 and 200 of 2020 adjourned for hearing to 23 December 2020 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 198, 199 and 200 of 2020 adjourned; next hearing fixed for 23 December 2020. Appeal No. 276 of 2020 and Misc. Application No. 283 of 2020 are mentioned without disposition.
• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price manipulation without genuine change in beneficial ownership.
  Twenty-six appeals challenging SEBI AO common order dated 19 May 2015 were heard together and disposed of by a common decision.
  Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by SAT on 22 June 2016.
• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without real change in beneficial ownership; broker alleged to have aided and abetted.
  Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard together and disposed of by this common decision.
  Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by common decision dated 22 June 2016; outcome on merits is not included in the supplied text.
• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without genuine change in beneficial ownership.
  Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard and disposed of by common decision
  Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; decided by SAT on 22 June 2016 against the common AO order dated 19 May 2015.
• SAT matter SATV-2E9E65DD682DC0E898EBF34C
  Appeal Nos. 198, 199 and 200 of 2020 adjourned and listed for hearing on 1 December 2020 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 198, 199 and 200 of 2020 were adjourned; Appeal No. 276 of 2020 and Misc. Application No. 283 of 2020 were listed in the order, with no disposal recorded.
• SAT matter SATV-282AB3C4770783BFA48508ED
  Matters stood over to 15 October 2020 for final disposal · Parties directed to obtain hearing instructions from the Registrar 48 hours before the scheduled date
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 were pending and stood over on 28 September 2020; no disposal on merits in this order
• Alleged synchronized, circular, structured and self-trades without change in beneficial ownership, creating artificial trading volume and constituting fraudulent and manipulative practices.
  Impugned common AO order dated 30 April 2020 quashed insofar as it concerned the appellants. · Appeals allowed with no order as to costs.
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 allowed on 21 January 2021; impugned AO order quashed for the appellants.
• Alleged synchronized, circular, structured and self-trades without real change in beneficial ownership, creating artificial trading volumes and constituting fraudulent and manipulative practices.
  Impugned common AO order dated 30 April 2020 quashed insofar as it concerned the appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 allowed by SAT on 21 January 2021; Miscellaneous Application No. 283 of 2020 (delay application) also listed.
• Trades in Richa Industries Ltd. in 01.12.2008-31.12.2009 by Group-I/II entities via circular, synchronized, structured trades without change in beneficial ownership creating artificial volume and price rise, LTP/NHP manipulation.
  Appeal: Group of 26 appeals (Nos. 363-391, 412-414 of 2015) against AO common order dated 19.05.2015, heard together, Date of Decision 22.06.2016
• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, allegedly creating artificial volumes and price rise; the broker was alleged to have aided and abetted clients.
  All 26 appeals challenging SEBI AO's common order dated 19 May 2015 were heard and disposed of by this common decision.
  Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by SAT on 22 June 2016.
• SAT matter SATV-3AED221EFC3E69B5F4BA1FBF
  Appeal Nos. 198, 199 and 200 of 2020 adjourned for hearing to 23 December 2020 · Parties directed to take instructions from the Registrar 48 hours before the hearing date regarding video conference or physical hearing
  Appeal: Appeal Nos. 198, 199 and 200 of 2020 were adjourned on 1 December 2020 and listed for hearing on 23 December 2020; Appeal No. 276 of 2020 and Misc. Application No. 283 of 2020 were before the Tribunal, with no disposal recorded
• Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals without change in beneficial ownership to create artificial volume and price rise.
  Appeal: 26 appeals including Appeal Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015, decided on 22.06.2016
• Manipulative trading in Richa Industries Ltd. via circular, synchronized, structured, cross and self trades with no change in beneficial ownership creating artificial volume and price rise, plus LTP/NHP manipulation.
• Synchronized, circular, self-trades in Richa Industries Ltd with no real change in beneficial ownership creating artificial volume, alleged fraudulent and manipulative.
  AO common order dated April 30, 2020 quashed qua appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 allowed by SAT decision dated 21.01.2021 (hearing 11.01.2021); AO order quashed qua appellants
• Fraudulent and manipulative trading in Richa Industries Ltd. via synchronized, structured, circular trades, cross deals and self-trades with no change in beneficial ownership creating artificial volume and price rise.
  Appeal: 26 appeals (Nos. 363-373, 380-391, 412-414 of 2015) against AO common order dated 19.05.2015, heard together and disposed by SAT common decision dated 22.06.2016
• Alleged fraudulent manipulation in Richa Industries Ltd via circular, synchronized, structured trades, cross deals and self trades with no change in beneficial ownership creating artificial volume and price rise.
  AO common order dated 19.05.2015 imposed penalty under Section 15HA and in some cases 15A(a)/15HB · 26 appeals heard together for disposal by SAT common decision dated 22.06.2016
  Appeal: Appeal Nos. 363-372, 373, 380-391, 412-414 of 2015 against AO common order dated 19.05.2015, heard together, Date of Decision 22.06.2016
• Fraudulent manipulation in Richa Industries Ltd scrip via synchronized, circular, structured trades and cross deals with no real change in beneficial ownership, creating artificial volume and price rise plus LTP/NHP manipulation.
  AO had imposed penalty under Sec 15HA (plus 15A(a)/15HB in some cases); SAT operative decision not in excerpt
  Appeal: 26 Appeals Nos. 363-365, 366-371, 372-373, 380-391, 412-414 of 2015 heard together, decided by common SAT order dated 22.06.2016
• Fraudulent manipulation in Richa Industries Ltd. via circular trades without change in beneficial ownership creating artificial volume and price rise.
  Appeal: 26 appeals Nos. 363-391, 412-414 of 2015 before SAT, Date of Decision 22.06.2016, common hearing
• SAT matter SATV-C97AA110C3DF4C3885B677F2
  Matter adjourned at request of appellant counsel and listed on 4th November, 2020 · Parties directed to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 with Misc. Application No.283 of 2020 pending; adjourned on 15.10.2020 to 04.11.2020
• Alleged fraudulent manipulation in Richa Industries Ltd scrip via circular, synchronized, structured trades and cross deals creating artificial volume and price rise, including LTP/NHP manipulation; broker accused of aiding clients.
  AO imposed penalty on each appellant under Section 15HA (plus 15A(a)/15HB in some cases) · 26 SAT appeals heard together against common AO order; SAT operative disposal truncated in excerpt
  Appeal: 26 Appeals Nos. 363-391, 390-391, 412-414 of 2015 against AO order dated 19.05.2015; common SAT decision dated 22.06.2016
• Manipulation in Richa Industries Ltd scrip via circular, synchronized, structured, cross and self trades without change in beneficial ownership creating artificial volume and price rise, LTP/NHP manipulation; broker aiding clients.
  Appeal: Group of 26 Appeals Nos. 363-373, 380-391, 412-414 of 2015 challenging AO common order, decided together on 22.06.2016
• SAT matter SATV-E6F3E894631F87AE39DD5A0C
  Delay of 33 days in filing Appeals No. 390 and 391 of 2015 condoned · Delay of 18 days in filing Appeal No. 413 of 2015 condoned
  Appeal: Misc. Appl. 261/2015 in Appeal 390/2015, 262/2015 in Appeal 391/2015, 283/2015 in Appeal 413/2015 - delay condoned on 22.06.2016; main appeals pending
• SAT matter SATV-DE0F7F4F21F9BB6B46CFEABB
  Connected with Appeal Nos. 198, 199 and 200 of 2020 and listed on 28 September 2020 · Respondent may file reply within 10 days; rejoinder on or before next date
  Appeal: Misc. Application No.283 of 2020 (delay) and Appeal Lodging No.282 of 2020 pending; connected with Appeals 198, 199, 200 of 2020, next date 28 September 2020
• Dealing in Richa Industries Ltd scrip in fraudulent manipulative manner via circular, synchronized, structured trades and cross deals without real change in beneficial ownership creating artificial volume and price rise plus LTP/NHP manipulation.
  Appeal: 26 appeals (Nos. 363-365, 366-369, 370-373, 380-391, 412-414 of 2015) against AO common order dated 19.05.2015; SAT common decision dated 22.06.2016
• Alleged fraudulent circular, synchronized, structured trades and cross/self deals in Richa Industries Ltd. with no change in beneficial ownership, creating artificial volume and price rise including LTP/NHP manipulation
  Appeal: Group of 26 Appeals Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015, heard together; Date of Decision 22.06.2016; operative SAT disposal truncated in excerpt
• Circular, synchronized, structured trades, cross deals and self trades in Richa Industries Ltd. without real change in beneficial ownership creating artificial volume and price rise, plus LTP/NHP manipulation.
  Appeal: 26 appeals Nos. 363-391 and 412-414 of 2015 against SEBI AO order dated 19.05.2015, disposed by common SAT decision dated 22.06.2016
• Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals with no real change in beneficial ownership to create artificial volume and price rise.
  Appeal: 26 Appeals Nos. 363-371, 372-373, 380-391, 412-414 of 2015 against AO order dated 19.05.2015, decided together on 22.06.2016
• SAT matter SATV-FDE4F21431F7DB79B6F02232
  Delay of 33 days in filing Appeal Nos. 390 and 391 of 2015 condoned · Misc. Application Nos. 261 and 262 of 2015 disposed of
  Appeal: Appeal Nos. 390, 391 and 413 of 2015 pending before SAT; delay condonation decided on 22.06.2016
• Fraudulent and manipulative trading in Richa Industries Ltd., including synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without real change in beneficial ownership; broker allegedly aided and abetted the conduct.
  Appeal: Twenty-six appeals, including Appeal Nos. 390 and 391 of 2015 and others listed in the order, were heard together and disposed of by this common SAT decision dated 22.06.2016; the operative disposal terms are not included in the provided excerpt.
• Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, without genuine change in beneficial ownership, creating artificial volumes and price manipulation. Cholamandalam Securities was alleged to have aided and abetted clients.
  Twenty-six appeals challenging SEBI AO's common order dated 19.05.2015 were heard together and disposed of by this common decision.
  Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; decided by SAT on 22 June 2016.
• Trades in Richa Industries Ltd. during 01.12.2008-31.12.2009 by Group-I and Group-II entities via circular, synchronized and structured trades without change in beneficial ownership, creating artificial volume and price rise.
  Appeal: 26 appeals including Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015 heard together and disposed by common SAT decision dated 22.06.2016
• Fraudulent manipulation in Richa Industries Ltd via circular/synchronized/structured trades with no change in beneficial ownership creating artificial volume and price rise
  Appeal: 26 Appeals Nos. 363-391 and 412-414 of 2015 decided together on 22.06.2016 against AO order dated 19.05.2015
• Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals with no change in beneficial ownership, creating artificial volume and price rise.
  Appeal: Group of twenty-six Appeals Nos. 363-391, 412-414 of 2015 heard together, decided by common order dated 22.06.2016
• SAT matter SATV-8A8CAF6B0EF128C9B160D00F
  Delay of 33 days in filing Appeal Nos. 390 and 391 of 2015 condoned · Delay of 18 days in filing Appeal No. 413 of 2015 condoned
  Appeal: Misc. Application Nos. 261, 262 of 2015 in Appeal Nos. 390, 391 of 2015 (33 days delay) and Misc. Application No. 283 of 2015 in Appeal No. 413 of 2015 (18 days delay) disposed on 22.06.2016 with delay condoned; appeals pending
• Fraudulent and manipulative trading in Richa Industries Ltd. scrip via synchronized, structured, circular trades and cross deals with no change in beneficial ownership creating artificial volume and price rise.
  Appeal: 26 Appeals Nos. 363-365, 366-369, 370-373, 380-391, 412-414 of 2015 against common AO order dated 19.05.2015, heard together; SAT Date of Decision 22.06.2016
• Synchronized/circular/self trades in Richa Industries Ltd with no change in beneficial ownership creating artificial volume, alleged fraudulent and manipulative.
  Impugned AO common order dated April 30, 2020 quashed qua appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 198, 199, 200 and 276 of 2020 with Misc. Application No. 283 of 2020 allowed and disposed on 21.01.2021 after hearing on 11.01.2021
• Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals without real change in beneficial ownership, creating artificial volume and price rise.
  Appeal: 26 Appeals Nos. 363-391 and 412-414 of 2015 against SEBI AO common order dated 19.05.2015, heard together and disposed by SAT common decision dated 22.06.2016
• Dealing in Richa Industries Ltd scrip in fraudulent manipulative manner via synchronized, structured, circular trades and cross deals with no real change in beneficial ownership, creating artificial volume and price rise.
  Appeal: 26 appeals Nos. 390,391,380,381,382,383,366,367,368,369,388,372,373,384,385,386,387,363,364,365,370,371,389,412,413,414 of 2015 heard together, Date of Decision 22.06.2016