Hitesh N. Kawa

SAT-appeal

• SAT matter SATV-0C2D04B8F15792B07A18F476
  SEBI to file reply within three weeks · Appellants to file rejoinder within three weeks thereafter
  Appeal: Appeal Lodging Nos. 264, 265, 266 and 268 of 2020, and Appeals Nos. 178 to 181 of 2020; procedural order dated 31 August 2020; matters listed for 13 October 2020
• SAT matter SATV-12A4FCC3DAFDE5CE399D17F5
  All matters stood over to 22 March 2021 · Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 102, 44, 85, 178, 179, 180, 181, 235, 246 and 247 of 2020, and Appeal (L) Nos. 264, 265, 266 and 268 of 2020, with related delay applications, stood over to 22 March 2021 on 16 December 2020
• SAT matter SATV-1E3FEC1D35CEDC7FC6CF5DC5
  All listed appeals and connected delay applications were stood over to 22 March 2021. · Parties were directed to take instructions from the Registrar 48 hours before the next date regarding video conference or physical hearing.
  Appeal: Appeal Nos. 102, 44, 85, 178, 179, 180, 181, 235, 246 and 247 of 2020, Appeal (L) Nos. 264-266 and 268 of 2020, and connected delay applications were adjourned to 22 March 2021; no merits disposal.
• SAT matter SATV-1B81E4A95B0087BFA3F7BB53
  All listed matters stood over to 22 March 2021 · Parties directed to take instructions from the Registrar 48 hours before the scheduled date regarding video conference or physical hearing
  Appeal: Appeal Nos. 102, 44, 85, 178, 179, 180, 181, 235, 246 and 247 of 2020, Appeal (L) Nos. 264-266 and 268 of 2020, with connected delay applications; adjourned to 22 March 2021
• SAT matter SATV-1CACE7035000D9CF15526D24
  SEBI to file replies within three weeks · Appellants to file rejoinders within three weeks thereafter
  Appeal: Appeal Lodging Nos. 264, 265, 266 and 268 of 2020, and Appeals Nos. 178, 179, 180 and 181 of 2020; procedural order dated 31 August 2020, matters adjourned/listed for 13 October 2020
• SAT matter SATV-209F13377366B4B8520A8B37
  Respondent to file reply within three weeks · Appellants to file rejoinder within three weeks thereafter
  Appeal: Appeal Lodging Nos. 264, 265, 266 and 268 of 2020, and Appeals Nos. 178, 179, 180 and 181 of 2020; directions issued on 31 August 2020, matters listed for 13 October 2020
• SAT matter SATV-2BEBB421EEF40E724833D99D
  Hearing adjourned and matters listed on Monday, 3 May 2021. · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video or physical hearing.
  Appeal: Multiple appeals and delay applications were listed; hearing adjourned on 30 April 2021 to 3 May 2021. No disposal on merits.
• Alleged concerted scheme of preferential allotment, artificial price pumping and managed exit to generate fictitious Long Term Capital Gains and convert unaccounted income into tax-exempt accounted income.
  Restraining appellants and six entities from accessing securities market for 5 years · Freezing shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 vs WTM order 18.11.2019; reserved 05.05.2021, decided 08.06.2021; delay condoned
• SAT matter SATV-3E1DA324BFE8EF67C14F4E2F
  Hearing adjourned; matters directed to be listed on Monday, 3 May 2021. · Parties directed to obtain instructions from the Registrar 48 hours before the next hearing regarding video or physical hearing.
  Appeal: Multiple appeals listed together; no disposal on merits. Hearing adjourned on 30 April 2021 to 3 May 2021.
• Alleged fictitious Long Term Capital Gains scheme in Pine Animation Ltd via preferential allotments, artificial price pump and exit providers to convert unaccounted income to tax-exempt income.
  WTM restraint on appellants and six entities from accessing securities market for 5 years · Freezing of shares and mutual fund units in demat accounts for same 5-year period
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020; Order reserved 05.05.2021, Date of Decision 08.06.2021; delay condoned
• Alleged pump-and-dump scheme in Pine Animation Ltd to provide exit to preferential allottees and generate fictitious Long Term Capital Gains for tax-free conversion of unaccounted income.
  WTM order dated November 18, 2019 restraining appellants and six entities from accessing securities market for five years · Freezing of shares and mutual fund units lying in their demat accounts for five years
  Appeal: Group Appeals Nos.102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 against WTM order dated 18.11.2019; Order Reserved 05.05.2021, Date of Decision 08.06.2021
• Alleged concerted scheme of preferential allotment, price pump and exit to generate fictitious LTCG and convert unaccounted income into tax-free gains.
  Restraint from accessing securities market for 5 years · Freezing of shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 vs WTM order 18 Nov 2019; reserved 05.05.2021, decided 08.06.2021; delay condoned