Shri Umesh Khariwala

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Quashed and set aside AO ex parte orders dated 25.02.2010 and 28.11.2008
Restored matters to adjudicating officer for fresh order on merits in accordance with law
Impugned AO ex parte orders dated 25.02.2010 and 28.11.2008 quashed and set aside
Matters restored to adjudicating officer for fresh order on merits and per law
AO order dated 21.08.2017 imposed Rs 50 lakh penalty for PFUTP violations

SAT-appeal

SAT matter SATV-68C31D422215174A73D4AEA3
Quashed and set aside AO ex parte orders dated 25.02.2010 and 28.11.2008 · Restored matters to adjudicating officer for fresh order on merits in accordance with law
Appeal: Appeal Nos. 174 and 175 of 2015 decided and disposed of on 20.08.2015 by SAT with remand to AO
SAT matter SATV-84EA844C458EE6007572744D
Impugned AO ex parte orders dated 25.02.2010 and 28.11.2008 quashed and set aside · Matters restored to adjudicating officer for fresh order on merits and per law
Misleading corporate announcements by ACL to inflate price from Rs 6 to Rs 22 and subsequent off-loading by connected RKB Group crashing price to Rs 2.60 with appellant director trading
AO order dated 21.08.2017 imposed Rs 50 lakh penalty for PFUTP violations · SAT observed no merit in appellant pleas of non-involvement and fresh SCN bar
Appeal: Appeal No. 295 of 2017 reserved on 12.07.2019 decided on 09.09.2019 against AO order dated 21.08.2017

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Source: SecMarx — Shri Umesh Khariwala. 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.