Manish Vasanji Furiya HUF
Penalties and directions recorded
- SAT order dated 29.01.2026 modified only to waive Rs.25 lakhs costs
- Disgorgement on net-gain basis upheld; income-tax deduction rejected
- Matter remitted to SEBI for re-computation of disgorgement sustained
- Penalty Rs 1 Crore on appellant No.1 and Rs 10 Lakhs each on appellant Nos.2-7 under Sec 15HA
- Restrain appellant Nos.1-7 from accessing securities market for 5 years from impugned order
SAT-appeal
- Fraudulent trading in concert with TV anchor Pradeep Pandya by buying scrips before his 'Pandya Ka Funda' CNBC Awaaz recommendations and selling into recommendation-driven rise.Review Application No.5 of 2026 allowed in part · SAT order dated 29.01.2026 modified only to waive Rs.25 lakhs costsAppeal: Review Application No.5 of 2026 in Appeal No.426 of 2024 seeking review of SAT order dated 29.01.2026; heard and reserved 26.03.2026, partly allowed on 08.05.2026
- Trading with advance knowledge of TV anchor Pradeep Pandya's recommendations on CNBC show Pandya ka Funda, synchronised buying before and selling after on-air calls to earn unlawful gains.Penalty Rs 1 Crore on appellant No.1 and Rs 10 Lakhs each on appellant Nos.2-7 under Sec 15HA · Restrain appellant Nos.1-7 from accessing securities market for 5 years from impugned orderAppeal: Appeal No.426 of 2024 with Misc. Appl. 214 and 829 of 2025 u/s 15T against WTM order 11 June 2024; heard and reserved 26 Nov 2025, pronounced 29 Jan 2026
Source: SecMarx — Manish Vasanji Furiya 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.