Jinesh Devendra Bhatt

7 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Applicants granted a maximum further three months to pay the penalty to SEBI
Penalty to be paid along with interest accruing from 15 March 2018
SEBI remains entitled to recover the penalty with interest if payment is not made
Each appellant permitted to pay the penalty within three months from 1 June 2018.
If unpaid within that period, SEBI may recover the penalty with interest from the penalty-order date until payment.

SAT-appeal

SAT matter SATV-1187CA3404DC4FDC4BA8DC08
Applicants granted a maximum further three months to pay the penalty to SEBI · Penalty to be paid along with interest accruing from 15 March 2018
Appeal: Miscellaneous Applications Nos. 272 and 273 of 2018 in Appeals Nos. 152 and 153 of 2018 disposed of on 7 September 2018; applicants granted further payment time
Violations of the SEBI (Prohibition of Insider Trading) Regulations, 1992 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Each appellant permitted to pay the penalty within three months from 1 June 2018. · If unpaid within that period, SEBI may recover the penalty with interest from the penalty-order date until payment.
Appeal: Appeal Nos. 152 and 153 of 2018 disposed of by SAT on 1 June 2018.
Violation of SEBI (PIT) Regulations, 1992 and SEBI (SAST) Regulations, 2011 attracting penalty under Section 15AB
Appellants permitted to pay penalty within three months from 01/06/2018, then AO order treated as complied · On default SEBI at liberty to recover penalty with interest from penalty order date till payment
Appeal: Appeal No.152 of 2018 and Appeal No.153 of 2018 disposed on 01/06/2018
Group of 8 indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc Applications 239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
Appeal: Appeals 289, 310, 340 of 2018 disposed by SAT order dated 29.4.2021 (reserved 10.2.2021) - dismissed
Group synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd contributing ~47-55% market volume and positive LTP
Misc Applications 239 and 276 of 2018 allowed - delay in filing appeals condoned · Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc Apps 239 and 276 of 2018 disposed on 29.04.2021 (reserved 10.02.2021) - dismissed
Manipulative trading in BGIL Films and Technologies Ltd scrip via self trades and raising Last Traded Price in concert with group of 22 entities.
Appeal No. 426 of 2018 dismissed · Penalty of Rs. 3 lakh imposed by AO upheld
Appeal: Appeal No. 426 of 2018 dismissed on 20.08.2019
Group of 8 including 5 appellants allegedly indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc. Applications No.239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeal Nos.289, 310 and 340 of 2018 dismissed with no order as to costs
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc. Applications 239 and 276 of 2018 dismissed on 29.04.2021 (reserved 10.02.2021)

Analyse these matters in Ontology · Plans

Source: SecMarx — Jinesh Devendra 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.