Jigna Vipul Vora

SAT-appeal

• Alleged fraudulent and manipulative trading in Finalysis Credit and Guarantee Company Ltd. creating artificial volume and contributing to an abnormal price rise. Noticee No. 42 was additionally alleged to have failed to disclose shareholding crossings and reductions above prescribed thresholds.
  Impugned AO order dated 22 May 2019 quashed · Appeals allowed and matter remanded to SEBI's AO for a fresh order in accordance with law
  Appeal: Appeal Nos. 93 of 2020, 418 of 2019, 469 of 2019, 471 of 2019, 472 of 2019, 473 of 2019 and 578 of 2019 allowed and remanded on 4 March 2020
• 42 connected entities collectively created artificial volume and price rise in FCGCL; Noticee No.42 additionally failed to disclose crossing 5% holding and 2% reduction.
  Impugned AO order quashed and 7 appeals allowed · Matter remanded to AO for fresh order in accordance with law
  Appeal: Appeal Nos. 93 of 2020, 418, 469, 471, 472, 473, 578 of 2019 allowed and remanded by SAT order dated 04.03.2020
• Collective creation of artificial volume in FCGCL scrip by 42 connected entities; Noticee No.42 also failed to disclose crossing 5% and subsequent 2% change under PIT and SAST.
  Quash AO order dated May 22, 2019 and allow all 7 appeals · Remand matter to AO of SEBI for fresh order in accordance with law
  Appeal: Appeal Nos. 93/2020, 418/2019, 469/2019, 471/2019, 472/2019, 473/2019, 578/2019 allowed on 04.03.2020; AO order dated 22.05.2019 quashed and remanded
• Alleged collective creation of artificial volume of 39,14,301 shares (23.05% of market volume) and abnormal price rise in FCGCL scrip; Noticee No.42 additionally failed to disclose crossing 5% holding and subsequent 2% change.
  Impugned AO order dated May 22, 2019 quashed and appeals allowed · Matter remanded to AO of SEBI for fresh order in accordance with law
  Appeal: Appeal No.93 of 2020 with Appeal Nos.418,469,471,472,473,578 of 2019 allowed and remanded on 04.03.2020
• Alleged fraudulent and manipulative trading in Finalysis Credit and Guarantee Company Ltd. creating artificial volumes and contributing to an abnormal price rise. Noticee 42 was additionally alleged to have failed to disclose specified shareholding acquisitions and reductions.
  Impugned AO order dated May 22, 2019 quashed · Appeals allowed and matter remanded to SEBI's AO for a fresh order in accordance with law
  Appeal: SAT Appeals Nos. 93 of 2020, 418 of 2019, 469 of 2019, 471 of 2019, 472 of 2019, 473 of 2019 and 578 of 2019 allowed and remanded on March 4, 2020
• 42 connected entities collectively created artificial volume in FCGCL scrip and jacked up price; Noticee No.42 additionally failed to disclose crossing 5% holding and subsequent 2% change.
  Quash AO order dated May 22, 2019 · Allow 7 appeals (Nos.93/2020,418,469,471,472,473,578 of 2019)
  Appeal: Appeal Nos.93 of 2020,418,469,471,472,473,578 of 2019 allowed on 04.03.2020; impugned AO order quashed and remanded
• 42 entities created artificial volume and abnormal price rise in FCGCL scrip violating PFUTP; Noticee No.42 additionally failed to disclose crossing 5% and 2% change under PIT and SAST.
  Quash AO order dated May 22, 2019 and allow 7 appeals · Remand matter to AO of SEBI for fresh order in accordance with law
  Appeal: Appeal Nos. 93/2020, 418/2019, 469/2019, 471/2019, 472/2019, 473/2019, 578/2019 allowed on 04.03.2020; AO order quashed and remanded