Jinesh Bhatt

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants directed to deposit the entire penalty amount under the impugned order, after adjusting Rs. 4,50,000 already deposited.
Appeal No. 399 of 2021 (Sanjay Saha) partly allowed - violation affirmed but penalty reduced from Rs 5 lakh to Rs 2 lakh
Appeal No.399/2021 partly allowed; violation affirmed but penalty reduced from Rs.5 lakh to Rs.2 lakh
Direct Jinesh Bhatt and Pooja Bhatt to comply by depositing 50% penalty by 20 May 2021
Appeal No.169/2021 (Jinesh Bhatt & Ors) dismissed, AO penalty affirmed

SAT-appeal

SAT matter SATV-124820143CBD8C9EA20A59FC
Appellants directed to deposit the entire penalty amount under the impugned order, after adjusting Rs. 4,50,000 already deposited. · Recovery Officer directed to withdraw the attachment order immediately upon deposit.
Appeal: Appeal No. 310 of 2018 was pending; directed to be listed with connected appeals.
Reversal trades in Synergy Bizcon without change in beneficial ownership creating misleading appearance of trading and inflating price manipulatively.
Appeal Nos. 169 of 2021, 170 of 2021 and 340 of 2021 dismissed with no order as to costs · Appeal No. 399 of 2021 (Sanjay Saha) partly allowed - violation affirmed but penalty reduced from Rs 5 lakh to Rs 2 lakh
Appeal: Appeal Nos. 169, 170, 340 of 2021 dismissed and Appeal No. 399 of 2021 partly allowed by SAT decision dated 09.11.2021 (hearing 29.10.2021)
Reversal trades amongst connected entities without change in beneficial ownership creating misleading appearance and manipulatively increasing price of Synergy Bizcon Limited.
Appeal Nos.169/2021, 170/2021 and 340/2021 dismissed with no order as to costs · Appeal No.399/2021 partly allowed; violation affirmed but penalty reduced from Rs.5 lakh to Rs.2 lakh
Appeal: Appeal Nos.169, 170, 340 of 2021 dismissed and Appeal No.399 of 2021 partly allowed by SAT order dated 09.11.2021 (heard 29.10.2021)
SAT matter SATV-9362F7CE79FA994F049D24F5
Grant further time to comply with Tribunal order dated 7 April 2021 · Direct Jinesh Bhatt and Pooja Bhatt to comply by depositing 50% penalty by 20 May 2021
Appeal: Misc. Application No. 579 of 2021 in Appeal No. 169 of 2021; limited stay granted 7 April 2021; misc application disposed 6 May 2021 with extension
Reversal trades with no change in beneficial ownership creating misleading appearance of trading and manipulating price of Synergy Bizcon Ltd.
Appeal No.169/2021 (Jinesh Bhatt & Ors) dismissed, AO penalty affirmed · Appeal No.170/2021 (Vikhape & Ors) dismissed, Rs 8 lakh penalty on Vikhape affirmed
Appeal: Appeal Nos.169, 170, 340 and 399 of 2021 heard 29.10.2021 decided 09.11.2021; three dismissed, one partly allowed

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Source: SecMarx — Jinesh Bhatt. 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.