Ideal Petro Products Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Five companies including EWPL restrained from buying/selling/dealing in securities for 3 years
Global Finance debarred from accessing capital market for 5 years for acting as fund conduit

SAT-appeal

Manipulated SRMTL scrip price upwards by placing buy orders materially above prevailing/LTP then offloading via synchronized trades; Global Finance charged as fund conduit enabling manipulation.
All seven appeals dismissed; SEBI findings on price manipulation upheld · Five companies including EWPL restrained from buying/selling/dealing in securities for 3 years
Appeal: Appeal Nos. 362, 374, 379, 381, 389, 390 and 403 of 2004 dismissed on 31 July 2007
SAT matter SATV-D783CD6533A69D2CB7C4253D
For order see Appeal No. 379 of 2004 decided on 31.7.2007
Appeal: Appeal No. 374 of 2004 decided on 31.7.2007 - to follow order in Appeal No. 379 of 2004 decided on 31.7.2007

Analyse these matters in Ontology · Plans

Source: SecMarx — Ideal Petro Products Ltd.. 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.