Greencrest Financial Services Ltd.
Penalties and directions recorded
- Appeals challenge the WTM order dated 5 June 2020 restraining appellants from accessing the securities market for three years and freezing their demat accounts for three years.
- Matters listed for 9 December 2021
- Parties directed to take instructions from the Registrar 48 hours before the hearing regarding video or physical hearing
- List the matters on 10 November 2021
- Parties to contact the Registrar 48 hours before the listed date regarding video conferencing or physical hearing
SAT-appeal
- Alleged orchestrated manipulation of Greencrest’s share price through preferential allotments, abnormal trading, funding, off-market share transfers and indirect return of allotment money.Appeals challenge the WTM order dated 5 June 2020 restraining appellants from accessing the securities market for three years and freezing their demat accounts for three years.Appeal: Appeal Nos. 360 of 2020, 361 of 2020 and 630 of 2021 were heard together; decision dated 8 February 2022. The supplied text ends before the final disposal directions.
- SAT matter SATV-109F5F03CA078108627C4112Three weeks' time granted to the appellants to file rejoinder · Matters listed for 9 December 2021Appeal: Appeal Nos. 360 of 2020, 361 of 2020 and 630 of 2020 were pending; three weeks granted for rejoinder and matters listed on 9 December 2021
- SAT matter SATV-156AC27896AAFE1161BA6189Appeal No. 360 of 2020 and Appeal No. 361 of 2020 adjourned at the appellants' request · List the matters on 10 November 2021Appeal: Appeal Nos. 360 and 361 of 2020 were pending and adjourned on 17 September 2021; next listed on 10 November 2021.
- SAT matter SATV-23FA48616B1B1629BC8B53C0Appeal No. 361 of 2020 appellants granted two weeks to file additional documents by application · Matters listed on 19 April 2021Appeal: Miscellaneous Application No. 369 of 2020 and Appeal No. 360 of 2020; Appeal No. 361 of 2020; procedural order dated 26 March 2021, listed for 19 April 2021
- Company and directors allegedly orchestrated price manipulation to benefit preferential allottees via funding buyers/sellers and routing allotment money through Global Infratech.WTM restrained appellants from accessing securities market for 3 years · WTM froze appellants' demat accounts for 3 yearsAppeal: Appeal Nos. 360/2020, 361/2020, 630/2021 against WTM order dated 05.06.2020; heard 01.02.2022, decided 08.02.2022
- SAT matter SATV-754560F57370A3DC2518B7EFRespondent's request for adjournment allowed · Matters listed on 3 January 2022Appeal: Appeal Nos. 360 of 2020, 361 of 2020 and 630 of 2020 were adjourned on 9 December 2021 and listed on 3 January 2022; no disposal on merits stated
- Company and directors allegedly orchestrated price manipulation via two preferential allotments, funding buyers/sellers through connected entities to benefit preferential allottees selling at manipulated highs.WTM restrained appellants from accessing securities market for 3 years · WTM froze demat accounts for same 3-year period
Source: SecMarx — Greencrest Financial Services 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.