Laxmi Chaturvedi

SAT-appeal

• Alleged front-running of Sterling group trades during January 1, 2010 to December 15, 2010 through multiple trading accounts, generating unlawful gains.
  Appeal: SAT disposed Appeal Nos. 335/2021, 403/2021, 404/2021, 448/2021, 449/2021, 12/2022, 35/2022, 68/2022, 450/2022 and 451/2022 by decision dated October 30, 2023; disposal outcome not included in supplied text
• Alleged front-running of Sterling group trades by using advance knowledge of intended trades, through multiple connected trading accounts, generating unlawful gains.
  Ten appeals by 14 noticees were clubbed and decided together; the extract does not state the final operative disposal. · Challenges included debarment, disgorgement and monetary penalties imposed by SEBI WTM and AO orders.
  Appeal: Appeal Nos. 335/2021, 403/2021, 404/2021, 448/2021, 449/2021, 12/2022, 35/2022, 68/2022, 450/2022 and 451/2022; decision dated 30 October 2023
• SAT matter SATV-8A113DE5A711F00F85CFBE98
  Registration of memorandum of appeal declined under Rule 8(4)
  Appeal: Appeal Lodgement No. 958 of 2023 lodged on 01.12.2023; registration declined on 17.02.2025
• Front-running of Sterling group trades by Manish Chaturvedi with aid of family and front entities via 7 trading accounts including Sharekhan client and proprietary accounts
  WTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years · WTM: Viraj, Josh, E-Ally, Sandeep, Shree Jaisal, Neeta debarred 5 years
  Appeal: 10 SAT appeals 335,403,404,448,449/2021;12,35,68/2022;450,451/2022 heard 25.04.2023 decided 30.10.2023
• Front-running of Sterling group trades by Manish Chaturvedi with aid of family and connected entities using advance knowledge of Sterling orders.
  WTM: Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years with joint disgorgement · WTM: Viraj Mercantile, Abhinandan Ranka, Josh Trading debarred 5 years
  Appeal: Ten appeals (335,403,404,448,449/2021;12,35,68,450,451/2022) against WTM order 18 Dec 2020 and AO orders; hearing 25.04.2023, decision 30.10.2023, clubbed together
• Alleged front-running of Sterling group trades by Manish Chaturvedi using 7 trading accounts of family and connected entities including via Sharekhan accounts.
  Appeal: Ten appeals Nos.335/2021,403/2021,404/2021,448/2021,449/2021,12/2022,35/2022,68/2022,450/2022,451/2022; hearing 25.04.2023, decision 30.10.2023; operative SAT disposal not in excerpt
• Front-running of Sterling group trades during Jan-Dec 2010 by Manish Chaturvedi with aid of family and other noticees through 7 trading accounts.
  WTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years · WTM: Chaturvedis to disgorge Rs.18,98,39,179 incl interest jointly and severally
  Appeal: Ten appeals Nos.335,403,404,448,449/2021 and 12,35,68,450,451/2022 heard 25.04.2023, decided 30.10.2023
• Front-running of Sterling group trades during Jan-Dec 2010 by insider Manish Chaturvedi via family/connected accounts; separate front-running of Sharekhan clients by Anandilal Chanda.
  Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years per WTM order · Chaturvedi group to disgorge Rs 18,98,39,179 including interest jointly and severally
  Appeal: Ten appeals Nos. 335,403,404,448,449 of 2021 and 12,35,68,450,451 of 2022 clubbed; heard 25.04.2023, decided 30.10.2023 against WTM and AO orders
• Front-running of trades of Sterling group entities by Manish Chaturvedi with aid of related/front entities through 7 trading accounts.
  WTM: Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years · WTM: Viraj Mercantile, Abhinandan Ranka, Josh Trading, E-Ally, Sandeep/Neeta Maloo debarred 5 years
  Appeal: Ten appeals Nos 335,403,404,448,449/2021 and 12,35,68,450,451/2022 heard 25.04.2023 decided 30.10.2023