Kulwinder Kumar Nayyar and Azam Mohmmed Ahsan Shaikh
Penalties and directions recorded
- WTM order 22 Nov 2017: restraint from securities market for 5 years
- WTM order: disgorge Rs 95,77,614 with 12% p.a. interest from 27 May 2010 jointly and severally
- AO order 29 May 2020: penalty of Rs 3 crore jointly and severally
- Restrained from buying, selling or dealing in securities market for five years (WTM order)
- Disgorge Rs. 95,77,614 jointly and severally with 12% p.a. interest from May 27, 2010 (WTM order)
SAT-appeal
- Insider trading in Bank of Rajasthan scrip while in possession of UPSI of BoR-ICICI Bank merger, in connivance with Tayal family and funded by Advik Textiles.WTM order 22 Nov 2017: restraint from securities market for 5 years · WTM order: disgorge Rs 95,77,614 with 12% p.a. interest from 27 May 2010 jointly and severally
- Insider trading in Bank of Rajasthan scrip while in possession of UPSI of merger with ICICI Bank; Rohit Gupta in connivance with Tayal family and Advik group traded and earned Rs. 95,77,614.Restrained from buying, selling or dealing in securities market for five years (WTM order) · Disgorge Rs. 95,77,614 jointly and severally with 12% p.a. interest from May 27, 2010 (WTM order)Appeal: Appeal Nos. 8,9,10,11 of 2018 vs WTM order Nov 22, 2017 and Appeal Nos. 250,261,262,263 of 2020 vs AO order May 29, 2020; heard Apr 8, 2021, decided Aug 2, 2021
Source: SecMarx — Kulwinder Kumar Nayyar and Azam Mohmmed Ahsan Shaikh. 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.