Hardik Bharat Patel

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty of Rs.2 lakhs each on noticee nos.1,2,4,9 for PIT violation upheld
Penalty of Rs.5 lakhs jointly and severally for SAST violation upheld

SAT-appeal

Failure to disclose acquisition exceeding 5% and subsequent 2% changes in Transpek Industry Ltd in violation of PIT Reg 13 and SAST Reg 29; synchronized trades charge discharged.
Appeal No.64 of 2021 dismissed with no order as to costs · Penalty of Rs.2 lakhs each on noticee nos.1,2,4,9 for PIT violation upheld
Appeal: Appeal No.64 of 2021 heard on 08.05.2023, decided on 15.05.2023, dismissed
SAT matter SATV-D4352B6583F3C001F727C53E
WTM order dated April 29, 2022 quashed · Appeal No. 200 of 2022 allowed with no order as to costs
Appeal: Appeal No. 200 of 2022 allowed on 20.03.2023; WTM order dated 29.04.2022 quashed

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Source: SecMarx — Hardik Bharat Patel. 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.