M/s Nishith M. Shah HUF

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM debarment order and AO penalty order quashed
Impugned AO penalty order dated 25 June 2019 quashed
WTM debarment order and AO penalty order quashed

SAT-appeal

Allegedly contributed to the positive Last Traded Price as seller through sales of miniscule quantities, creating a misleading appearance of trading and manipulating the price of Shree Shaleen Textiles Limited.
Appeal No. 97 of 2019 allowed · Appeal No. 544 of 2019 allowed
Appeal: Appeal Nos. 97 of 2019 and 544 of 2019 decided together and allowed on 16 January 2020.
Alleged contribution to the positive Last Traded Price as seller through sales of miniscule quantities, creating a misleading appearance of trading and manipulating Shree Shaleen Textiles Limited's scrip.
Impugned WTM debarment order dated 8 January 2019 quashed · Impugned AO penalty order dated 25 June 2019 quashed
Appeal: Appeal Nos. 97 of 2019 and 544 of 2019 decided together and allowed on 16 January 2020.
Alleged contribution to positive LTP as seller in Shree Shaleen Textiles Ltd, manipulating price and creating misleading appearance of trading.
WTM debarment order and AO penalty order quashed · Appeals allowed with no order as to costs
Appeal: Appeal No. 97 of 2019 and Appeal No. 544 of 2019 allowed on 16.01.2020 (reserved on 08.01.2020)

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Source: SecMarx — M/s Nishith M. Shah HUF. 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.