Jayeshkumar Narottamdas Gandhi

SAT-appeal

• The appellants allegedly manipulated the scrip price by selling miniscule quantities of shares that contributed to a positive last traded price, violating PFUTP Regulations 3 and 4.
  Impugned WTM and AO orders quashed · Appeals allowed
  Appeal: Appeal Nos. 225 of 2019, 503 of 2019, 104 of 2019 and 347 of 2019 allowed on 21 February 2020; delay in filing Appeal No. 503 of 2019 condoned.
• Allegedly contributed to positive LTP as seller by selling miniscule quantities to manipulate scrip price in violation of PFUTP Regulations 3 and 4.
  Impugned WTM and AO orders quashed · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 225/2019, 503/2019, 104/2019 and 347/2019 allowed on 21.02.2020; delay in Appeal 503/2019 condoned
• Contributing to positive LTP as seller by selling miniscule quantity of shares to manipulate scrip price in violation of PFUTP Regulations
  Impugned WTM and AO orders quashed · All appeals allowed with no order as to costs
  Appeal: Appeal Nos. 225 of 2019, 503 of 2019, 104 of 2019 and 347 of 2019 allowed by SAT order dated 21.02.2020; delay in Appeal 503/2019 condoned
• Violation of Regulations 3 and 4 of SEBI (PFUTP) Regulations, 2003 as held by AO in penalty order
  Dispose Misc. Applications No.129/2020 and 134/2020 directing SEBI to refund Rs.6,35,521 on or before 22/5/2020 · On default SEBI liable to pay interest @12% per annum from date of recovery till date of payment
  Appeal: Appeal No.503 of 2019 allowed by SAT on 21/02/2020 setting aside AO order; SEBI proposed Supreme Court appeal drafted but not filed as on 15.05.2020 due to lockdown
• The appellants were alleged to have manipulated the scrip price by selling miniscule quantities of shares that contributed to a positive last traded price (LTP), in violation of PFUTP Regulations 3 and 4.
  Impugned WTM and AO orders quashed · Appeals allowed
  Appeal: Appeal Nos. 225 of 2019, 503 of 2019, 104 of 2019 and 347 of 2019 allowed on 21 February 2020; delay in Appeal No. 503 of 2019 condoned.
• SAT matter SATV-7E66B4067398889FFB9F8345
  Appeal dismissed as not pressed
  Appeal: Appeal (L) No. 611 of 2019 dismissed as not pressed on 8 January 2020