Fair Intermediate Investment P. Ltd.

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

CGM imposed Rs.10,00,000 under Sec.15HA for PFUTP violation and Rs.1,00,000 under Sec.15A(b) for PIT non-disclosure
CGM impugned order imposed Rs.10,00,000 under Sec.15HA for PFUTP violation and Rs.1 lakh under Sec.15A(b) for PIT non-disclosure

SAT-appeal

SAT matter SATV-1B2BCD74AD2C735E614B2981
Delay in filing the reply condoned and applications allowed · Rejoinder not filed by appellants
Appeal: Appeal Nos. 129, 195, 319 and 320 of 2023 were heard in part on 10 May 2023 and adjourned to 11 May 2023; no final disposal recorded.
SAT matter SATV-69AD07F0D282BCD4E8351EF4
Delay in filing reply condoned; application allowed · Heard in part; matter put up on 11 May 2023
Appeal: Appeal Nos. 129, 195, 319, 320 of 2023 with connected Misc Applications pending; heard in part, next date 11 May 2023
SAT matter SATV-7F91BD349CEAC024247C876F
Heard learned counsel for parties; order reserved · Parties to act on digitally signed copy; certified copy from Registry on payment
Appeal: Appeal Nos. 129, 195, 319, 320 of 2023 with Misc. Applications 431, 434 of 2023 heard on 11.5.2023; order reserved
SAT matter SATV-C21D833F98C3D4CE9258411B
Order reserved after hearing counsels for parties · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 129, 195, 319, 320 of 2023 heard on 11.5.2023; order reserved with no disposal yet
SAT matter SATV-BE0F9AB411DAF57CCDD9267C
Delay in filing of reply condoned, application allowed · Heard in part, matter put up on 11 May 2023
Appeal: Appeal Nos. 129, 195, 319, 320 of 2023 pending before SAT; heard in part on 10.5.2023, next date 11 May 2023
SAT matter SATV-E7BC5F6633FAB8B56F729131
Order reserved after hearing learned counsel for parties · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 129, 195, 319, 320 of 2023 with Misc. Applications 431 and 434 of 2023 heard on 11.5.2023; order reserved
Noticees 5 and 6 placed buy orders substantially above LTP in Patch 3 to inflate PFL price to enable Noticee 2 CMD to offload ~14000 shares; Noticee 3 alleged intermediary.
CGM imposed Rs.10,00,000 under Sec.15HA for PFUTP violation and Rs.1,00,000 under Sec.15A(b) for PIT non-disclosure · SAT held charge against Noticee 3 not proved on mere connection; no trade or connivance shown
Appeal: Appeal Nos.129, 195, 319, 320 of 2023 with Misc. Appl. 431,434 of 2023 heard 11.05.2023 decided 07.06.2023
Noticees 5 and 6 placed buy orders substantially above LTP in Patch 3 to raise price, enabling Noticee 2 CMD to offload ~14,000 shares at profit; Noticee 3 allegedly facilitated as intermediary; Noticee 2 failed Form D disclosure.
CGM impugned order imposed Rs.10,00,000 under Sec.15HA for PFUTP violation and Rs.1 lakh under Sec.15A(b) for PIT non-disclosure · SAT observed charge against Noticee 3 not proved, facilitation finding based on surmises; final relief not visible in excerpt
Appeal: Appeal Nos.129, 195, 319, 320 of 2023 with Misc.Appl.431,434 of 2023 heard 11.05.2023, decision dated 07.06.2023 against CGM order dated 28.11.2022

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Source: SecMarx — Fair Intermediate Investment P. Ltd.. 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.