Divya Sheth

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants to give undertaking to safeguard investors and market integrity
Directed to deposit Rs.1,38,31,472.60 towards notional loss avoided with 12% interest
Penalty aggregating Rs.52 lacs imposed

SAT-appeal

Suspected insider trading while privy to UPSI of declining profits of Tara Jewels Ltd and disposing promoter holding to avoid losses; failure to take pre-clearance under Code of Conduct.
Impugned WTM ex-parte impounding order quashed at admission stage · Appeal allowed without calling counter affidavit, save show cause notice
Appeal: Appeal No. 297 of 2020 allowed on 01.10.2020; WTM ex-parte order dated 04.09.2020 quashed
Insider trading in Tara Jewels Ltd shares during UPSI of sharply declining profits, selling to avoid losses and communicating UPSI to daughters
Appellant No.1 debarred from accessing securities market for one year per impugned order · Appellant Nos.2 and 3 debarred from accessing securities market for six months

Analyse these matters in Ontology · Plans

Source: SecMarx — Divya Sheth. 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.