Harikishan Hiralal

SAT-appeal

• Creating a false and misleading appearance of trading by executing premeditated synchronized and matched trades; failure as a stock broker to exercise due skill, care and diligence.
  Appeal dismissed · SEBI order suspending the appellant's stock-broker registration for one month upheld
  Appeal: Appeal No. 23 of 2008 decided and dismissed on 18 November 2008.
• SAT matter SATV-876D8EC2806AD83F02E85C54
  Appeal allowed and impugned adjudication order set aside · Case remanded to adjudicating officer for fresh decision in accordance with law
  Appeal: Appeal No. 151 of 2010 allowed and remanded on 5.10.2010
• Group of brokers and clients executed circular/reversal and premeditated synchronized trades in Todays Writing Products Ltd creating artificial volumes.
  Appeals 215, 220, 222 of 2009 dismissed; AO penalty orders upheld · Appeal 1 of 2010 partly allowed; penalty reduced from Rs 6 lacs to Rs 3 lacs
  Appeal: Appeal Nos.215,220,222 of 2009 and 1 of 2010 disposed on 17.6.2010; dismissed except penalty cut in 1/2010
• Alleged circular trading with 10 other brokers in Karuna Cables Ltd to create artificial volumes and price rise.
  Appeal allowed and impugned AO order dated June 4, 2009 set aside · No order as to costs