Hemant Dusad

SAT-appeal

• Alleged coordinated price and volume manipulation through trades and false or misleading YouTube videos recommending purchase of Sadhna and Sharpline shares, inducing investors to buy at inflated prices.
  Appeals challenged WTM confirmatory orders dated 11 July 2023 and 20 July 2023. · WTM directions included impounding alleged unlawful gains, freezing bank accounts and restraining access to the securities market.
  Appeal: Appeal Nos. 672 to 683 of 2023 were heard together; order dated 9 October 2023. Earlier Appeal Nos. 284 and 285 of 2023 and order dated 12 July 2023 are mentioned; investigation-extension order dated 4 October 2023.
• SAT matter SATV-1D914CD54A53605022659DB5
  Order reserved in the connected appeals · Written submissions, if any, may be filed within three days
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682 and 683 of 2023; hearing concluded and orders reserved on 25 September 2023
• SAT matter SATV-2320EB4609065C30BDBB7CC8
  Appeal No. 571 of 2023 withdrawn · Liberty granted to file a fresh appeal after incorporating SEBI's confirmatory order dated 11 July 2023
  Appeal: Appeal No. 571 of 2023 withdrawn on 12 July 2023, with liberty to file a fresh appeal
• SAT matter SATV-1DFC12C037632DFAD9AC0D28
  Misc. Applications 963-968 of 2023 (urgency) disposed of as appeals taken up · SEBI to file reply within 10 days from 10 August 2023; rejoinder within a week thereafter
  Appeal: Appeal Nos. 672-677 of 2023 with Misc. Applications 963-968 of 2023 pending before SAT; next date 05 September 2023
• SAT matter SATV-3766C13F086C4DCC8E68E1B0
  Adjourned on request of respondent and listed on 8 September 2023 · Parties to act on digitally signed copy by Private Secretary; certified copy from Registry on payment
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682, 683 of 2023 pending; adjourned to 8 September 2023
• Alleged coordinated pump-and-dump via false/misleading YouTube buy recommendations to inflate price/volume and offload holdings at elevated prices for illegal gains.
  Confirmatory order 20 July 2023 confirmed ex parte interim order 02 March 2023 in Sadhna with modified liability per Table 3 · Confirmatory order 11 July 2023 confirmed interim order 02 March 2023 in Sharpline
  Appeal: SAT group Appeals Nos. 672-677 and 679-683 of 2023 against confirmatory orders; reserved 25.09.2023, decided 09.10.2023; prior Appeals 284-285/2023 partly allowed
• SAT matter SATV-6F8E2E73B3FDEED1B4FD5A4C
  List Misc. Application Nos. 1682 and 1683 of 2023 in Appeal No. 672 of 2023 on January 2, 2024
• SAT matter SATV-926A3F9573F2B5DFF0C75B93
  Urgency applications disposed of as appeals taken up together · Respondent SEBI to file reply within 10 days from 10.08.2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677 of 2023 with Misc. Applications 963-968 of 2023 pending before SAT; listed for admission/final disposal on 05.09.2023
• Alleged coordinated pump-and-dump via false/misleading YouTube buy recommendations to inflate price/volume in Sadhna/Sharpline and offload holdings at inflated prices for illegal gains.
  WTM confirmatory orders confirmed ex-parte ad-interim orders dated March 2, 2023 with modifications · Impounding of alleged unlawful gains and freezing of bank accounts continued
  Appeal: Appeals 679-683/2023 vs confirmatory order July 20, 2023 (Sadhna) and Appeals 672-677/2023 vs order July 11, 2023 (Sharpline) reserved 25.09.2023, decided 09.10.2023; prior Appeals 284-285/2023 allowed/partly allowed
• Alleged coordinated pump-and-dump in Sadhna/Sharpline via false YouTube buy recommendations inducing investors while promoters offloaded at inflated prices.
  WTM confirmatory order July 20, 2023 confirmed March 2, 2023 interim with modified liability per Table 3 · Total illegal gain modified to INR 40,60,66,012
  Appeal: Group Appeals Nos. 672-677 and 679-683 of 2023 reserved 25.09.2023 decided 09.10.2023; prior Appeals 284-285 of 2023 partly allowed/quashed
• SAT matter SATV-53B1E035D793874D429652EE
  All connected appeals were directed to be listed on 14 September 2023.
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682 and 683 of 2023 were listed for further hearing on 14 September 2023; no final disposal recorded.
• SAT matter SATV-C206D0870739BFAAFE603E3C
  Urgency Misc. Applications Nos. 963-968 of 2023 disposed of as appeals taken up together · SEBI to file reply within 10 days; rejoinder within a week thereafter
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677 of 2023 against common confirmatory order - pending; reply/rejoinder ordered; next date 05.09.2023
• SAT matter SATV-4F394B01574C8B94F1E14D74
  Miscellaneous applications and Appeal Lodging No. 511 of 2023 listed for July 12, 2023
  Appeal: Appeal Lodging No. 511 of 2023 mentioned; listed for July 12, 2023
• Prima-facie coordinated pump-and-dump in Sadhna Broadcast and Sharpline Broadcast via false YouTube buy recommendations to offload holdings at inflated prices.
  Confirmatory order 20 July 2023 confirming ex-parte interim order 2 March 2023 with modified gain table · Impounding of alleged unlawful gains continued with freezing of bank accounts
  Appeal: SAT Appeals 672-677 and 679-683 of 2023 reserved 25.09.2023 for decision 09.10.2023; prior Appeals 284-285 of 2023 allowed/partly allowed
• SAT matter SATV-CA7887955B4B42C1B64129A8
  Urgency applications disposed of; all appeals against common order taken up together · Respondent SEBI to file reply within 10 days from 10.08.2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677 of 2023 with Misc. Applications 963-968 of 2023 pending before SAT; reply/rejoinder ordered; next listing 05.09.2023
• SAT matter SATV-D5886BC14BC1DA54B52003B9
  List on September 25, 2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682 and 683 of 2023 pending before SAT; vide order dated 14.09.2023 listed on September 25, 2023
• Alleged coordinated price and volume manipulation in Sadhna Broadcast and Sharpline Broadcast through trades and misleading YouTube buy recommendations, inducing investors to buy at inflated prices and enabling noticees to offload shares and make unlawful gains.
  Appeals challenge WTM confirmatory orders dated 11 July 2023 and 20 July 2023. · WTM directions included impounding alleged unlawful gains, freezing bank accounts and restraining access to the securities market.
  Appeal: Appeal Nos. 672 to 683 of 2023 heard together; decision dated 9 October 2023. Earlier Appeal Nos. 284 and 285 of 2023 were disposed of, and investigation time was extended on 4 October 2023.
• SAT matter SATV-619EB04BFAA32374CFFE94C9
  Urgency applications disposed of as appeals taken up together · Respondent SEBI to file reply within 10 days from 10.08.2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676 and 677 of 2023 with Misc. Applications Nos. 963-968 of 2023 pending before SAT; listed for admission and final disposal on 05 September 2023
• SAT matter SATV-64243175CFEC30F167AC76BD
  List on September 25, 2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682, 683 of 2023 pending before SAT; adjourned to 25.09.2023 vide order dated 14.09.2023
• SAT matter SATV-7479EF64D34A14C5CF66532C
  Respondent SEBI to file reply within 10 days from 10.08.2023; rejoinder within a week thereafter · Matters listed for admission and final disposal on September 05, 2023; stay applications to be considered then if not decided
  Appeal: Appeal Nos. 672-677 of 2023 with Misc. Apps 963-968 of 2023 against common confirmatory order pending before SAT; reply/rejoinder ordered, next listing 05.09.2023
• SAT matter SATV-7F926C41BBD491384EAD03BE
  Order reserved after hearing learned counsel for parties · Written submissions, if any, may be filed within three days
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682, 683 of 2023 heard on 25.09.2023; order reserved, not disposed
• Alleged coordinated scheme to manipulate volume and price in Sadhna Broadcast and Sharpline Broadcast via false misleading YouTube buy recommendations and offload holdings at inflated prices.
  Confirmatory order 20 July 2023 confirming ex-parte ad-interim order 02 March 2023 in Sadhna matter · Confirmatory order 11 July 2023 confirming ex-parte ad-interim order 02 March 2023 in Sharpline matter
• SAT matter SATV-98EB2F12BB7D4BD7703BEDC9
  List on September 14, 2023
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682, 683 of 2023 heard on 08.09.2023; adjourned to 14.09.2023 with no disposal
• Coordinated price/volume manipulation in Sadhna and Sharpline Broadcast via false misleading YouTube buy recommendations to induce investors and offload holdings at inflated prices.
  Confirm ex-parte ad-interim order dated March 2, 2023 via confirmatory orders · Impound alleged unlawful gains modified to INR 40,60,66,012
  Appeal: Group Appeals 672-677 and 679-683 of 2023 reserved 25.09.2023 decided 09.10.2023; prior Appeals 284-285 of 2023 allowed/partly allowed
• Alleged coordinated pump-and-dump in Sadhna Broadcast and Sharpline Broadcast via false YouTube buy recommendations to offload holdings at inflated prices.
  Ex-parte ad-interim order dated March 2, 2023 confirmed with modifications · Impounding of alleged unlawful gains and freezing of bank accounts continued
  Appeal: Prior Appeal Nos. 284 of 2023 and 285 of 2023 allowed with modified directions; present group Appeal Nos. 672-683 of 2023 reserved 25.09.2023 decided 09.10.2023
• SAT matter SATV-D028EAD150ED37C39396019B
  Adjourned on request of respondent and listed on 8 September 2023 · Parties to act on digitally signed copy; certified copy available on payment
  Appeal: Appeal Nos. 672, 673, 674, 675, 676, 677, 679, 680, 681, 682, 683 of 2023 adjourned to 8 September 2023
• Alleged coordinated pump-and-dump in Sadhna and Sharpline via false YouTube buy recommendations inducing investors to buy at inflated prices while insiders offloaded for illegal gains.
  Confirmatory order 20 July 2023 confirmed ex-parte ad-interim order 2 March 2023 with modified Table 3 liability · Continued impounding of unlawful gains, freezing bank accounts and securities market restraint
  Appeal: Appeal Nos. 679,680,681,682,683 of 2023 vs confirmatory order 20 July 2023 (Sadhna) and 672-677 of 2023 vs order 11 July 2023 (Sharpline); reserved 25.09.2023, decided 09.10.2023; prior Appeals 284-285 of 2023 allowed partly
• Alleged coordinated pump-and-dump in Sadhna Broadcast and Sharpline Broadcast via false misleading YouTube buy recommendations to induce retail investors while connected entities offloaded holdings at inflated prices.
  WTM confirmatory order dated July 20, 2023 confirmed ex-parte ad-interim order dated March 2, 2023 in Sadhna with modified gains · WTM order dated July 11, 2023 confirmed ex-parte ad-interim order dated March 2, 2023 in Sharpline
  Appeal: Group Appeals Nos. 679-683 and 672-677 of 2023 reserved on 25.09.2023, decided on 09.10.2023; prior Appeals 284-285 of 2023 allowed with modified restraint and escrow directions