Grishma Securities Private Limited

SAT-appeal

• Alleged facilitation of manipulation in Tijaria Polypipes Limited shares, including allowing large client trades without prior margin and facilitating layered diversion of IPO proceeds to offset trading losses.
  Appeal No. 151 of 2013 against the WTM order dated 31 July 2013 was heard by SAT. · WTM restraint from buying, selling or otherwise dealing in securities in proprietary accounts, directly or indirectly, for five years, with one year and seven months already undergone deducted.
  Appeal: Appeal No. 151 of 2013, reserved on 23 September 2013 and decided on 28 October 2013; outcome not included in the supplied text.
• Broker allegedly facilitated manipulation of Tijaria Polypipes IPO listing by allowing clients to create artificial volumes and provide exit to QIB and retail allottees, trading without margins, using other clients funds and falsifying ledgers.
  Appeal dismissed; interim restraint prohibiting buying, selling or dealing in securities continued till further orders · No order as to costs
  Appeal: Appeal No. 209 of 2012 decided on 19.11.2012 - dismissed with no order as to costs
• SAT matter SATV-A5EDAD4BB62BB1B6FC9668FA
  Misc. Application No. 334 of 2015 in Appeal No. 200 of 2015 disposed of in terms of signed Minutes of Order with no order as to costs · CDSL to release and transfer Sameer Shah shares from applicant demat accounts 12029100-00002459 and 12029100-00000204 to his Corporation Bank demat IN302603-10226436
  Appeal: Misc. Application No. 334 of 2015 in Appeal No. 200 of 2015 disposed of on 21.03.2016 by consent Minutes of Order
• No SEBI Act violation alleged against appellant; shares frozen due to broker restraint, with FIU/IT probe into genuineness of source of funds for share purchases.
  SEBI directed to permit appellant to sell shares lying in margin money account with Grishma Securities · Appellant to deposit sale proceeds in interest-bearing fixed deposit with nationalized bank
  Appeal: Appeal No.398 of 2014 decided/disposed on 10/06/2015 in above terms with no order as to costs