Man Mohan Singh Dua

34 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal Nos.97 and 98 of 2022 restored to original numbers
AO common order dated 19.05.2015 imposed penalty under Section 15HA and in some cases 15A(a)/15HB
AO had imposed penalty under Sec 15HA (plus 15A(a)/15HB in some cases); SAT operative decision not in excerpt
AO imposed penalty on each appellant under Section 15HA (plus 15A(a)/15HB in some cases)

SAT-appeal

SAT matter SATV-01B6FA5F92CF695B8A801B32
Impugned AO order dated 30 April 2020 quashed insofar as it related to the appellants · Appeals allowed at the admission stage with no order as to costs
Appeal: Appeal Nos. 97 and 98 of 2022 allowed on 27 September 2022; delay condoned. Relief followed SAT's order dated 21 January 2021 in Appeal No. 198 of 2020 and companion appeals.
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular and cross trades, allegedly creating artificial volumes and price rise without genuine change in beneficial ownership.
Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard together and disposed of by this common decision.
Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; common decision dated 22 June 2016; final disposal outcome not detailed in the provided excerpt.
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price manipulation without genuine change in beneficial ownership.
Twenty-six appeals challenging SEBI AO common order dated 19 May 2015 were heard together and disposed of by a common decision.
Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by SAT on 22 June 2016.
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without real change in beneficial ownership; broker alleged to have aided and abetted.
Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard together and disposed of by this common decision.
Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by common decision dated 22 June 2016; outcome on merits is not included in the supplied text.
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without genuine change in beneficial ownership.
Twenty-six appeals challenging the common AO order dated 19 May 2015 were heard and disposed of by common decision
Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; decided by SAT on 22 June 2016 against the common AO order dated 19 May 2015.
SAT matter SATV-1FCEFC281B4ABF1FAE466D39
Respondent to file a hard copy of its reply within two weeks from 29 April 2022 · Appellant may file a rejoinder affidavit within three weeks from 29 April 2022
Appeal: Appeal No. 97 of 2022; procedural order dated 29 April 2022; listed for 15 June 2022
Trades in Richa Industries Ltd. in 01.12.2008-31.12.2009 by Group-I/II entities via circular, synchronized, structured trades without change in beneficial ownership creating artificial volume and price rise, LTP/NHP manipulation.
Appeal: Group of 26 appeals (Nos. 363-391, 412-414 of 2015) against AO common order dated 19.05.2015, heard together, Date of Decision 22.06.2016
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, allegedly creating artificial volumes and price rise; the broker was alleged to have aided and abetted clients.
All 26 appeals challenging SEBI AO's common order dated 19 May 2015 were heard and disposed of by this common decision.
Appeal: Appeal Nos. 390, 391, 380, 381, 382, 383, 366, 367, 368, 369, 388, 372, 373, 384, 385, 386, 387, 363, 364, 365, 370, 371, 389, 412, 413 and 414 of 2015 disposed of by SAT on 22 June 2016.
Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals without change in beneficial ownership to create artificial volume and price rise.
Appeal: 26 appeals including Appeal Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015, decided on 22.06.2016
Manipulative trading in Richa Industries Ltd. via circular, synchronized, structured, cross and self trades with no change in beneficial ownership creating artificial volume and price rise, plus LTP/NHP manipulation.
SAT matter SATV-6A86E41E7A8CDEF06892379A
Adjourned on request of learned counsel for the appellant · List on September 27, 2022
Appeal: Appeal No. 97 of 2022 and Appeal No. 98 of 2022 pending; adjourned on 05.09.2022 with no disposal
SAT matter SATV-770146587EE72E57C88B4EAE
Order dated 16 June 2022 recalled; Misc. Applications No.687 and 688 of 2022 allowed · Appeal Nos.97 and 98 of 2022 restored to original numbers
Appeal: Misc. Application No.687 of 2022 in Appeal No.97 of 2022 and Misc. Application No.688 of 2022 in Appeal No.98 of 2022 - restored, pending admission on 5 September 2022
SAT matter SATV-8043C0AEE8DF8F0F673E60F7
Appeal No. 97 of 2022 dismissed for want of prosecution · Appeal No. 98 of 2022 dismissed for want of prosecution
Appeal: Appeal No. 97 of 2022 and Appeal No. 98 of 2022 dismissed for want of prosecution on 15.06.2022
SAT matter SATV-88AEB77C2966586FAB2739DF
Urgency application disposed of as appeal taken up for admission · Delay in filing appeal condoned and delay application allowed
Appeal: Appeal No. 97 of 2022 pending before SAT; delay condoned; listed for admission and final disposal on 29 April 2022 with interim no-recovery stay
Fraudulent and manipulative trading in Richa Industries Ltd. via synchronized, structured, circular trades, cross deals and self-trades with no change in beneficial ownership creating artificial volume and price rise.
Appeal: 26 appeals (Nos. 363-373, 380-391, 412-414 of 2015) against AO common order dated 19.05.2015, heard together and disposed by SAT common decision dated 22.06.2016
Alleged fraudulent manipulation in Richa Industries Ltd via circular, synchronized, structured trades, cross deals and self trades with no change in beneficial ownership creating artificial volume and price rise.
AO common order dated 19.05.2015 imposed penalty under Section 15HA and in some cases 15A(a)/15HB · 26 appeals heard together for disposal by SAT common decision dated 22.06.2016
Appeal: Appeal Nos. 363-372, 373, 380-391, 412-414 of 2015 against AO common order dated 19.05.2015, heard together, Date of Decision 22.06.2016
Fraudulent manipulation in Richa Industries Ltd scrip via synchronized, circular, structured trades and cross deals with no real change in beneficial ownership, creating artificial volume and price rise plus LTP/NHP manipulation.
AO had imposed penalty under Sec 15HA (plus 15A(a)/15HB in some cases); SAT operative decision not in excerpt
Appeal: 26 Appeals Nos. 363-365, 366-371, 372-373, 380-391, 412-414 of 2015 heard together, decided by common SAT order dated 22.06.2016
Fraudulent manipulation in Richa Industries Ltd. via circular trades without change in beneficial ownership creating artificial volume and price rise.
Appeal: 26 appeals Nos. 363-391, 412-414 of 2015 before SAT, Date of Decision 22.06.2016, common hearing
Alleged fraudulent manipulation in Richa Industries Ltd scrip via circular, synchronized, structured trades and cross deals creating artificial volume and price rise, including LTP/NHP manipulation; broker accused of aiding clients.
AO imposed penalty on each appellant under Section 15HA (plus 15A(a)/15HB in some cases) · 26 SAT appeals heard together against common AO order; SAT operative disposal truncated in excerpt
Appeal: 26 Appeals Nos. 363-391, 390-391, 412-414 of 2015 against AO order dated 19.05.2015; common SAT decision dated 22.06.2016
Manipulation in Richa Industries Ltd scrip via circular, synchronized, structured, cross and self trades without change in beneficial ownership creating artificial volume and price rise, LTP/NHP manipulation; broker aiding clients.
Appeal: Group of 26 Appeals Nos. 363-373, 380-391, 412-414 of 2015 challenging AO common order, decided together on 22.06.2016
Dealing in Richa Industries Ltd scrip in fraudulent manipulative manner via circular, synchronized, structured trades and cross deals without real change in beneficial ownership creating artificial volume and price rise plus LTP/NHP manipulation.
Appeal: 26 appeals (Nos. 363-365, 366-369, 370-373, 380-391, 412-414 of 2015) against AO common order dated 19.05.2015; SAT common decision dated 22.06.2016
Alleged fraudulent circular, synchronized, structured trades and cross/self deals in Richa Industries Ltd. with no change in beneficial ownership, creating artificial volume and price rise including LTP/NHP manipulation
Appeal: Group of 26 Appeals Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015, heard together; Date of Decision 22.06.2016; operative SAT disposal truncated in excerpt
Circular, synchronized, structured trades, cross deals and self trades in Richa Industries Ltd. without real change in beneficial ownership creating artificial volume and price rise, plus LTP/NHP manipulation.
Appeal: 26 appeals Nos. 363-391 and 412-414 of 2015 against SEBI AO order dated 19.05.2015, disposed by common SAT decision dated 22.06.2016
Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals with no real change in beneficial ownership to create artificial volume and price rise.
Appeal: 26 Appeals Nos. 363-371, 372-373, 380-391, 412-414 of 2015 against AO order dated 19.05.2015, decided together on 22.06.2016
SAT matter SATV-FD80D21D70810533AF3F8448
Delay in filing Appeals No. 97 and 98 of 2022 condoned · Impugned AO order dated April 30, 2020 quashed qua appellants
Fraudulent and manipulative trading in Richa Industries Ltd., including synchronized, structured, circular, reversal, cross and self trades, creating artificial volumes and price rise without real change in beneficial ownership; broker allegedly aided and abetted the conduct.
Appeal: Twenty-six appeals, including Appeal Nos. 390 and 391 of 2015 and others listed in the order, were heard together and disposed of by this common SAT decision dated 22.06.2016; the operative disposal terms are not included in the provided excerpt.
Fraudulent and manipulative trading in Richa Industries Ltd. through synchronized, structured, circular, reversal, cross and self trades, without genuine change in beneficial ownership, creating artificial volumes and price manipulation. Cholamandalam Securities was alleged to have aided and abetted clients.
Twenty-six appeals challenging SEBI AO's common order dated 19.05.2015 were heard together and disposed of by this common decision.
Appeal: Appeal Nos. 390, 391, 380-383, 366-369, 388, 372-373, 384-387, 363-365, 370-371, 389, 412-414 of 2015; decided by SAT on 22 June 2016.
Trades in Richa Industries Ltd. during 01.12.2008-31.12.2009 by Group-I and Group-II entities via circular, synchronized and structured trades without change in beneficial ownership, creating artificial volume and price rise.
Appeal: 26 appeals including Nos. 363-391, 412-414 of 2015 against AO common order dated 19.05.2015 heard together and disposed by common SAT decision dated 22.06.2016
Fraudulent manipulation in Richa Industries Ltd via circular/synchronized/structured trades with no change in beneficial ownership creating artificial volume and price rise
Appeal: 26 Appeals Nos. 363-391 and 412-414 of 2015 decided together on 22.06.2016 against AO order dated 19.05.2015
SAT matter SATV-71108BFC97ACC3E4F37D64A2
Appeal No. 97 of 2022 and Appeal No. 98 of 2022 dismissed for want of prosecution for non-appearance
Appeal: Appeal No. 97 of 2022 and Appeal No. 98 of 2022 dismissed for want of prosecution vide decision dated 15.06.2022
Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals with no change in beneficial ownership, creating artificial volume and price rise.
Appeal: Group of twenty-six Appeals Nos. 363-391, 412-414 of 2015 heard together, decided by common order dated 22.06.2016
Fraudulent and manipulative trading in Richa Industries Ltd. scrip via synchronized, structured, circular trades and cross deals with no change in beneficial ownership creating artificial volume and price rise.
Appeal: 26 Appeals Nos. 363-365, 366-369, 370-373, 380-391, 412-414 of 2015 against common AO order dated 19.05.2015, heard together; SAT Date of Decision 22.06.2016
Fraudulent and manipulative trading in Richa Industries Ltd. via circular, synchronized, structured trades and cross deals without real change in beneficial ownership, creating artificial volume and price rise.
Appeal: 26 Appeals Nos. 363-391 and 412-414 of 2015 against SEBI AO common order dated 19.05.2015, heard together and disposed by SAT common decision dated 22.06.2016
Dealing in Richa Industries Ltd scrip in fraudulent manipulative manner via synchronized, structured, circular trades and cross deals with no real change in beneficial ownership, creating artificial volume and price rise.
Appeal: 26 appeals Nos. 390,391,380,381,382,383,366,367,368,369,388,372,373,384,385,386,387,363,364,365,370,371,389,412,413,414 of 2015 heard together, Date of Decision 22.06.2016

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Source: SecMarx — Man Mohan Singh Dua. 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.