Maria Goretti Warsi

SAT-appeal

• Prima-facie pump-and-dump in Sadhna Broadcast Ltd via coordinated volume creation and false YouTube buy recommendations to offload shares at inflated prices to unsuspecting investors.
  WTM ex-parte ad-interim order dated 2 March 2023 held passed in haste with no iota of evidence qua appellants · Impugned escrow deposit, bank freeze, demat debit suspension and market restraint not sustainable qua four appellants
  Appeal: Appeal Nos. 284 and 285 of 2023 with Misc. Applications 375, 376, 377 of 2023, heard 17.03.2023, decided 27.03.2023, allowed qua appellants
• Prima-facie pump-and-dump in Sadhna Broadcast Ltd via false YouTube buy recommendations, volume creation and offloading at inflated prices.
  Tribunal held WTM ex-parte order passed in haste with no iota of evidence of coordinated inducement by appellants · Ex-parte directions for escrow deposit, bank/demat freeze and market restraint held unsustainable qua appellants
  Appeal: Appeal Nos 284 and 285 of 2023 with Misc Apps 375-377 of 2023 heard 17.03.2023 decided 27.03.2023; held unsustainable qua appellants
• Prima-facie pump-and-dump in Sadhna Broadcast Ltd via coordinated volume creation and false/misleading YouTube buy recommendations inducing investors at inflated prices.
  SAT held WTM ex-parte order passed in haste with no iota of evidence of coordinated inducement against appellants; relief granted qua appellants
  Appeal: Appeal Nos. 284 and 285 of 2023 with Misc. Applications 375-377 of 2023; hearing 17.03.2023, decision 27.03.2023