Madhu Chanda

SAT-appeal

• SAT matter SATV-071270FF1F74FE2BB5073FFC
  Appeals listed for hearing on 24 April 2023 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 335, 403, 404, 448, 449 of 2021; 12 and 35 of 2022; 68, 450 and 451 of 2022, with connected miscellaneous applications; listed for hearing on 24 April 2023
• SAT matter SATV-16D0FFA47C055BFF4C06C219
  Appeal No. 335 of 2021 adjourned at the appellant’s request. · Appeal No. 335 of 2021 listed for 3 January 2023.
  Appeal: Appeal Nos. 335, 403, 404, 448, 449 of 2021, 12, 35 and 68 of 2022, and 450 and 451 of 2022 were listed; Appeal No. 335 of 2021 was adjourned on 17 November 2022 to 3 January 2023.
• 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
• SAT matter SATV-216DF89E435F8B6886290F2B
  Review Application No. 20 of 2024 dismissed · Pending interlocutory applications disposed of
  Appeal: Review Application No. 20 of 2024 in Appeal No. 335 of 2021 dismissed by SAT on 11 December 2024 after 170 days' delay.
• SAT matter SATV-31099844957B499F4FB39B8A
  All matters were directed to be listed on 21 April 2023. · Parties were directed to act on the digitally signed copy of the order.
  Appeal: Multiple connected appeals were listed; no disposal or merits determination recorded.
• 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-44694BBABE8D49FBEAA49EA8
  List matter on September 16, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal No. 450 of 2022 (Madhu Chanda vs SEBI) pending; adjourned to September 16, 2022 vide order dated 23.08.2022
• SAT matter SATV-44EBDD8CD2A87E536D3C2FEF
  Respondent to file affidavit in reply · Appellant to file rejoinder, if any
  Appeal: Appeal No. 450 of 2022 pending before SAT Mumbai; listed for admission and final disposal on August 23, 2022
• 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
• Alleged front-running of Sterling group trades through multiple trading accounts, using advance knowledge of intended trades and coordinated trading activity.
  Appeal: Ten appeals were clubbed and heard on 25 April 2023; decision dated 30 October 2023. Outcome is not included in the supplied text.
• 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
• Challenge to recovery of Rs 91,21,781 disgorgement; allegation of impermissible interest on interest component of Rs 50,93,301.
  Appeal No. 121 of 2025 dismissed · Recovery proceedings held in consonance with WTM direction and upheld
  Appeal: Appeal No. 121 of 2025 dismissed on 25.02.2025; prior Appeal No. 335 of 2021 dismissed on 30.10.2023; Review RA No. 20 of 2024 dismissed on 11.12.2024; proposal to appeal to Supreme Court noted
• 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