Kaushik Rajnikant Mehta

SAT-appeal

• SAT matter SATV-0C546ACE5C85068E28966306
  Order reserved; parties may submit written submissions within 48 hours. · Parties directed to act on the digitally signed copy of the order.
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 heard; order reserved on 26 April 2021.
• SAT matter SATV-1F698D330F21F7942FC65877
  Impugned order quashed · Appeal allowed at the admission stage
  Appeal: Appeal No. 63 of 2020 decided and allowed on 27 February 2020 at the admission stage.
• SAT matter SATV-2516796B284308A418F145E6
  Order reserved · Parties may submit written submissions within 48 hours
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 were heard; order reserved on 26 April 2021
• SAT matter SATV-2F39A038CAC41A2A7C6F9113
  List Appeals Nos. 76, 103 and 161 of 2019 on 19 March 2021 · Parties to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
  Appeal: Appeal Nos. 76, 103 and 161 of 2019 were pending; listed for hearing on 19 March 2021
• SAT matter SATV-2DB82DB7FE6240BBF86FC104
  Stand over all listed appeals to 7 January 2021 · Parties to obtain instructions from the Registrar 48 hours before the date fixed regarding video conference or physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306 and 307 of 2020 were listed and adjourned to 7 January 2021; no disposal on merits stated.
• SAT matter SATV-38CC1BB64F09FA1F8CA052C9
  Order reserved in the three appeals · Written submissions, if any, to be submitted within 48 hours
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 were heard; order reserved on 26 April 2021. No disposal on merits stated.
• Alleged fraudulent and unfair trading in Shakti Pumps shares through synchronised trades, reversal trades and self trades, creating artificial volume and contributing to a fraudulent price rise.
  Common AO order dated 10 September 2018 imposing penalties was set aside. · Matters remitted to the AO for fresh orders after hearing the appellants.
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 allowed on 5 May 2021; matters remitted to the AO.
• SAT matter SATV-4F5F819474670128FC8A2B8C
  Delay condonation application disposed of as no delay in filing appeal · Respondent to file reply within a week explaining 45-month delay after remand
  Appeal: Appeal No. 378 of 2020 with Misc. Application No. 382 of 2020 (delay of 161 days) - delay application disposed of on 27.10.2020 as no delay, appeal pending
• Alleged fraudulent dealing in Shakti Pumps (India) Ltd scrip by connected entities creating artificial volume via synchronised, reversal and self trades, trading above LTP and manipulating first trade to establish new high price.
  Impugned AO order set aside and appeals allowed · Matter remitted to AO to pass fresh order in light of observations after giving hearing to appellants
  Appeal: Appeal Nos. 76, 103 and 161 of 2019 allowed on 05.05.2021; AO common order dated 10.09.2018 set aside and remanded
• Synchronized trading with connected entities in Well Pack Papers & Containers Ltd creating artificial volume and price rise, violative of Regulation 3 and 4 PFUTP Regulations.
  Affirmed AO finding of violation of Regulation 3 and 4 PFUTP Regulations · Reduced penalty from Rs. 5 lakh to Rs. 2.5 lakh
  Appeal: Appeal No. 378 of 2020 partly allowed on 07.01.2021; violation affirmed, penalty reduced
• SAT matter SATV-6D4C34C80CE96310CB16C2CA
  Impugned Adjudicating Officer orders quashed and set aside qua the appellants · Matters restored to Adjudicating Officer of SEBI for passing fresh orders on merits and in accordance with law
  Appeal: Appeal Nos. 286, 303 & 350 of 2015 disposed of on 14/03/2016 by quashing impugned orders and remanding to AO; Misc. Application No.242 of 2015 disposed of on condonation of delay
• SAT matter SATV-78AD9B77AECE115109085E33
  Stand over to January 7, 2021 as Presiding Officer is on leave · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306 and 307 of 2020 listed on 05.01.2021 adjourned to 07.01.2021, not disposed
• SAT matter SATV-74D19DBF6F4A9E71524BA0B1
  Order reserved after hearing counsels for appellant and SEBI · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal No. 378 of 2020 heard on 06.11.2020, order reserved
• Alleged fraudulent and unfair trade practices via synchronized trades in Spectacle Infotek Ltd (SIL) violating PFUTP Regulations.
  Impugned AO order dated 26 Sept 2014 set aside qua the six appellants · Matters restored to SEBI for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 409/2014, 410/2014, 453/2014, 14/2015, 192/2015, 111/2015 disposed of by SAT on 08/03/2016
• SAT matter SATV-9D56478691CAEA9184F7FBA0
  Orders impugned in Appeal Nos. 286, 303 and 350 of 2015 quashed and set aside qua appellants · Matters restored to Adjudicating Officer of SEBI for fresh orders on merits in accordance with law
  Appeal: Appeal Nos. 286, 303 and 350 of 2015 with Misc. Application No.242 of 2015 disposed on 14/03/2016 by consent remand to AO
• Creating artificial volume in Shakti Pumps (India) Ltd via synchronised, reversal and self trades, trading above LTP and manipulating first trade to establish new high price.
  Impugned AO order dated 10 September 2018 set aside · Appeal Nos. 76, 103 and 161 of 2019 allowed
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 allowed on 5 May 2021; AO order set aside and remanded for fresh decision
• SAT matter SATV-3D394C15BF8D51BE2695A738
  Adjourned on the respondent's request · Listed for hearing on 14 April 2021
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 were adjourned on 19 March 2021 and listed for 14 April 2021; no disposal on merits stated.
• SAT matter SATV-CF229D707DEAC6946418BBF9
  List Appeal Nos. 76, 103 and 161 of 2019 on March 19, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 pending before SAT; listed on March 19, 2021
• Alleged fraudulent and unfair trade practices through synchronized trades in Spectacle Infotek Limited (SIL) in violation of PFUTP Regulations.
  Impugned AO orders set aside qua the appellants and matters restored for fresh decision on merits and in accordance with law · All appeals disposed of with no order as to costs
• Alleged synchronized trades constituting fraudulent and unfair trade practices in scrip of Spectacle Infotek Limited (SIL)
  Impugned AO orders set aside qua the appellants · Matters restored/remanded for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos.409,410,453 of 2014 and 14,111,192 of 2015 disposed on 08/03/2016 by set aside and remand
• SAT matter SATV-F59380BD0001FCBB710AD93F
  All matters stood over to January 7, 2021 as Presiding Officer on leave · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306, 307 of 2020 pending before SAT, adjourned on 05.01.2021 to 07.01.2021, not disposed
• SAT matter SATV-EFBD59AE614C57EEA25FE015
  List Appeals No. 76, 103 and 161 of 2019 on March 19, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 pending; next listed on March 19, 2021
• SAT matter SATV-F7419C7AFC82356F85E11A3A
  Adjourned on request of learned counsel for respondent SEBI · List matters on April 14, 2021
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 adjourned on 19.03.2021; listed on April 14, 2021
• SAT matter SATV-5DB014BF93C2F0D57E3D9E97
  Adjourned on request of counsel for SEBI · List on April 14, 2021
  Appeal: Appeal Nos. 76 of 2019, 103 of 2019 and 161 of 2019 pending before SAT; adjourned on 19.03.2021 to April 14, 2021
• Alleged fraudulent and unfair trade practices by indulging in synchronized trades in Spectacle Infotek Ltd scrip in concert with Pabari-Parikh group.
  AO order dated 26 September 2014 set aside qua the six appellants · Matters restored/remanded to SEBI for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 409, 410, 453 of 2014 and 14, 111, 192 of 2015 disposed on 08/03/2016 by set-aside and remand
• SAT matter SATV-8BFC5A1AAB5AAACAD33782B2
  Matter stood over to January 7, 2021 as Presiding Officer on leave · Parties to take instructions from Registrar 48 hours before date fixed on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306, 307 of 2020 pending before SAT; adjourned from 05.01.2021 to 07.01.2021
• SAT matter SATV-8FD23754323D6BF6E2098DAE
  Connect with Appeal No. 103 of 2019 GGF Mercantile Pvt. Ltd. vs SEBI and list on April 26, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal No. 76 of 2019 pending; connected with Appeal No. 103 of 2019 and listed for April 26, 2021
• Alleged synchronized trades constituting fraudulent and unfair trade practices in Spectacle Infotek Ltd scrip
  Impugned AO orders set aside qua appellants · Matters restored for fresh decision on merits in accordance with law
  Appeal: Appeal Nos.409,410,453/2014 and 14,111,192/2015 disposed on 08/03/2016 by set-aside and remand
• SAT matter SATV-88CF08AC2B372C67F3B11D2C
  Stand over all listed appeals to January 7, 2021 as Presiding Officer on leave · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306, 307 of 2020 pending; adjourned on 05.01.2021 to 07.01.2021, not disposed
• SAT matter SATV-AB1127000535A008412507A7
  Matters stood over to January 7, 2021 as Presiding Officer on leave · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306, 307 of 2020 pending before SAT; adjourned to January 7, 2021 vide order dated 05.01.2021
• SAT matter SATV-AC45CFE3484BCCABA62B23B7
  Orders impugned in Appeal Nos. 286, 303 and 350 of 2015 quashed and set aside qua appellants · Matters restored to file of Adjudicating Officer of SEBI for passing fresh orders on merits in accordance with law
  Appeal: Appeal Nos. 286, 303 and 350 of 2015 disposed on 14/03/2016; Misc. Application No.242 of 2015 disposed
• Alleged fraudulent and unfair trade practice by synchronized trades in Spectacle Infotek Limited (SIL) scrip.
  Impugned AO orders set aside qua the six appellants · Matters remanded to SEBI for fresh decision on merits per law
• SAT matter SATV-E52D5607E6B6EF9957F490B6
  Stand over to January 7, 2021 as Honble Presiding Officer is on leave · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 210, 378, 260, 27, 304, 306, 307 of 2020 pending before SAT; adjourned to January 7, 2021, not disposed on 05.01.2021