Kailash Prasad Purohit

SAT-appeal

• SAT matter SATV-0036425CBA420FBE4D6EA9E2
  Miscellaneous Application No. 957 of 2022 disposed of · Order reserved in the connected appeals
  Appeal: Appeal Nos. 404 of 2022, 553 of 2022 and 572 of 2022 heard; order reserved on 14 March 2023. No disposal on merits stated.
• SAT matter SATV-07148CA06691B9A746A5EA44
  Miscellaneous Application No. 957 of 2022 and Appeals Nos. 404, 553 and 572 of 2022 listed on 17 February 2023 · Parties directed to act on the digitally signed order
  Appeal: Appeals Nos. 404, 553 and 572 of 2022 were pending and adjourned to 17 January 2023
• Misrepresentation of financial statements, accounting-standard violations, misuse of funds/books of account, delayed disclosures under LODR Regulations, non-furnishing of information/non-cooperation, and alleged PFUTP violations.
  Debarment periods reduced to the period already undergone · JMD Ventures Limited directed to pay Rs. 15 lakh for LODR violations
  Appeal: Appeal Nos. 404, 553 and 572 of 2022 partly allowed on 17 March 2023
• SAT matter SATV-1DF16EC1093BBE4D234D27B2
  Appeals adjourned on the appellants' counsel's request to seek necessary instructions · Matters listed on 18 November 2022
  Appeal: Appeal Nos. 404 of 2022, 553 of 2022 and 572 of 2022 were adjourned on 13 October 2022 and listed for 18 November 2022; no disposal recorded in this order.
• SAT matter SATV-44907C503FB16F3BBD7B915D
  Delay condoned and Misc. Application No. 814 of 2022 allowed · Appeal No. 572 of 2022 to be connected with Appeal No. 404 of 2022
  Appeal: Appeal No. 572 of 2022 with Misc. Application No. 814 of 2022 for delay condonation - delay condoned on 21.09.2022; pending, next listing October 13, 2022
• Misrepresentation of financials, misuse of funds/books, non-cooperation and LODR disclosure failures; alleged shell company and PFUTP fraud not established.
  Affirmed LODR non-compliance violation by Company · Reduced debarment to period already undergone by appellants
  Appeal: Appeal Nos. 404, 553 and 572 of 2022 partly allowed by SAT decision dated 17.03.2023 (reserved 14.03.2023)
• SAT matter SATV-6C948B85349AD9E91F63CBC7
  Order reserved after hearing parties in Appeals No. 404, 553, 572 of 2022 · Misc. Application No. 957 of 2022 disposed of
  Appeal: Appeal No. 404 of 2022, Appeal No. 553 of 2022 and Appeal No. 572 of 2022 heard on 14.03.2023; order reserved; Misc. Application No. 957 of 2022 disposed of
• SAT matter SATV-8FE9E12ECF6D00264D8EA655
  Adjourned on request of counsel for respondent; matters listed on March 14, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal Nos. 404, 553 and 572 of 2022 with Misc. Application No. 957 of 2022 pending; adjourned to 14 March 2023 with no disposal on merits
• SAT matter SATV-3F86F33B6460A3C4BA18A8B2
  Matter listed for hearing on 14 December 2022 · Parties directed to act on the digitally signed order
  Appeal: Appeal Nos. 404, 553 and 572 of 2022 were listed; no disposal on merits, adjourned to 14 December 2022.
• Misrepresentation of financials, misuse of funds/books, LODR disclosure failures and non-cooperation; alleged shell company and PFUTP fraud which WTM held not proved.
  Affirmed LODR non-compliance violation by Company · Debarment reduced to period already undergone by appellants
  Appeal: Appeal Nos. 404, 553 and 572 of 2022 partly allowed by SAT on 17.03.2023 (reserved on 14.03.2023)
• SAT matter SATV-DC180D2B6E75472960677E6E
  Adjourned on request of learned counsel for respondent SEBI · List these matters on March 14, 2023
• SAT matter SATV-F1580AA0083DDA1522D8060A
  List matters on 17 February 2023 · Parties to act on digitally signed copy; certified copy from Registry on payment
  Appeal: Misc. Application No.957 of 2022 and Appeal No.404 of 2022 with Appeal No.553 of 2022 and Appeal No.572 of 2022 adjourned, next listing 17 February 2023
• SAT matter SATV-F0EF7A209E4719FBFED01D12
  List on 17th February, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Misc. Application No.957 of 2022 and Appeal No.404 of 2022, Appeal No.553 of 2022, Appeal No.572 of 2022 listed on 19.1.2023; next date 17 February 2023; no disposal yet
• Alleged manipulative and non-genuine trades artificially raising or depressing the price of JMD Telefilms Industries Limited and inducing investors to buy or sell.
  Appeal Nos. 505 and 506 of 2019 by JMD Ventures Limited and its directors allowed. · WTM and AO orders against JMD Ventures Limited and its directors quashed.
  Appeal: Appeal Nos. 505 and 506 of 2019 allowed on 29 October 2021; Appeal Nos. 137 and 138 of 2021 dismissed on 29 October 2021.
• SAT matter SATV-69BA7C54B66A5062B3EBD5ED
  Appeals adjourned on the appellants' request · List the matters on 19 January 2023
  Appeal: Miscellaneous Application No. 957 of 2022 and Appeals Nos. 404, 553 and 572 of 2022 were adjourned on 14 December 2022 and listed for 19 January 2023; no disposal on merits stated.
• Manipulative and non-genuine trading in JMD Telefilms Industries Limited, including trades allegedly intended to artificially raise or depress the scrip price and induce investors to trade.
  Appeal Nos. 505 and 506 of 2019 by JMD Ventures Limited and its directors allowed. · WTM and AO orders against JMD Ventures Limited and its directors quashed.
  Appeal: Appeal Nos. 505 and 506 of 2019 allowed on 29 October 2021; Appeal Nos. 137 and 138 of 2021 dismissed on 29 October 2021.
• Manipulative non-genuine trades in JMD Telefilms Industries Ltd artificially raising price via positive LTP and depressing price via excess sales, violating PFUTP Regs 3 and 4.
  Appeal Nos. 505 and 506 of 2019 by JMD and directors allowed; WTM and AO orders quashed · Appeal Nos. 137 and 138 of 2021 by Jitendra Kumar Pratihast dismissed; 2-year market restraint and penalty sustained
  Appeal: Appeal Nos. 505, 506 of 2019 allowed; Appeal Nos. 137, 138 of 2021 dismissed vide SAT decision dated 29.10.2021 (reserved 25.10.2021)
• SAT matter SATV-BBF63FEE088F8C739FC38702
  Order reserved after hearing counsel for parties · Misc. Application No. 957 of 2022 disposed of accordingly
  Appeal: Appeal Nos. 404 of 2022, 553 of 2022 and 572 of 2022 heard on 14.03.2023, order reserved; Misc. Application No. 957 of 2022 disposed of
• Manipulative non-genuine trades in JMD Telefilms Industries Ltd artificially raising price in Patch-1 via small quantities above LTP and depressing price in Patch-2, violating PFUTP Regulations 3 and 4.
  Appeal Nos. 505 and 506 of 2019 by JMD and directors allowed; WTM and AO orders quashed with no costs · Appeal Nos. 137 and 138 of 2021 by Jitendra Kumar Pratihast dismissed; violation of Regulations 3 and 4 upheld
  Appeal: Appeal Nos. 505/2019, 506/2019, 137/2021, 138/2021 reserved on 25.10.2021 and decided on 29.10.2021; 505-506 allowed, 137-138 dismissed