M/s JV Stock Broking Private Limited

SAT-appeal

• SAT matter SATV-112E46545B175077782CEDBD
  Review Application No. 21 of 2019 in Appeal No. 176 of 2018 dismissed · Review Application No. 21 of 2019 in Appeal No. 177 of 2018 dismissed
  Appeal: Review applications dismissed on 10 March 2021; SAT found no manifest error requiring reconsideration of its order dated 11 October 2019.
• JV was charged with fraudulent, manipulative and unfair trading through self-trades, synchronized trades, deleted orders and price-impacting orders. SPFL was charged with failure to exercise due skill, care and diligence in preventing such trades.
  Appeals Nos. 362 of 2017, 365 of 2017, 176 of 2018 and 177 of 2018 were heard together and decided by a common order. · The Tribunal upheld the impugned AO orders and the monetary penalties.
  Appeal: SAT disposed of Appeal Nos. 362 of 2017, 365 of 2017, 176 of 2018 and 177 of 2018 by common order dated 11 October 2019.
• SAT matter SATV-7779C8A04BFA798721968DFF
  Review Application fails and is dismissed - no manifest error in order dated 11.10.2019 · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Review Application No. 22 of 2019 with Misc. Application No. 610 of 2019 in Appeal Nos. 362 and 365 of 2017 - dismissed on 10.03.2021; prior SAT order dated 11.10.2019 upheld
• SAT matter SATV-842783DE94DC62AAC5C03EB4
  Review Application fails and is dismissed - no manifest error in order dated 11.10.2019 · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Misc. Application No. 610 of 2019 in Review Application No. 22 of 2019 in Appeal Nos. 365 and 362 of 2017 dismissed on 10.03.2021 affirming order dated 11.10.2019
• JV executed large self-trades and synchronized trades creating artificial volume and LTP manipulation in SIL and MCL; broker SPFL enabled same without due skill and care.
  AO order 09.10.2017: penalty Rs 25 lakh each on JV (15HA) and SPFL (15HB) for SIL trades · AO order 21.02.2018: penalty Rs 20 lakh on JV (15HA) and Rs 5 lakh on SPFL (15HB) for MCL trades
  Appeal: Appeal Nos. 362/2017, 365/2017, 176/2018, 177/2018, Order Reserved 06.08.2019, Date of Decision 11.10.2019, heard together
• JV indulged in self-trades and synchronized trades via broker SPFL creating artificial volume and price manipulation in Sky Industries Ltd and Mindvision Capital Ltd.
  AO order 09 Oct 2017 (SIL): penalty Rs 25 lakh each on JV and SPFL under challenge · AO order 21 Feb 2018 (MCL): penalty Rs 20 lakh on JV and Rs 5 lakh on SPFL under challenge
  Appeal: Appeal Nos 362/2017, 365/2017 vs AO order 09.10.2017 and Appeal Nos 176/2018, 177/2018 vs AO order 21.02.2018; Order Reserved 06.08.2019, Date of Decision 11.10.2019
• SAT matter SATV-F41591381517CD225C64204C
  Review Application No. 21 of 2019 in Appeal Nos. 176 and 177 of 2018 dismissed · Parties directed to act on digitally signed copy sent by fax and/or email
• Alleged self-trades and synchronized trades by JV via broker SPFL creating artificial volume and price manipulation in SIL and MCL scrips.
  AO order 09 Oct 2017: Rs 25 lakh penalty each on JV (15HA) and SPFL (15HB) for SIL trades · AO order 21 Feb 2018: Rs 20 lakh on JV (15HA) and Rs 5 lakh on SPFL (15HB) for MCL trades
  Appeal: Appeal Nos 362/2017, 365/2017 vs AO order 09 Oct 2017 and Appeal Nos 176/2018, 177/2018 vs AO order 21 Feb 2018, decided 11 Oct 2019