Mehul Johnson
Penalties and directions recorded
- Restrain from buying, selling or dealing in IVL securities for 3 years
- Disgorge Rs 87,21,918.55 per WTM order
- Penalty of Rs 25 lakh each per AO order 21 May 2021
SAT-appeal
- Insider trading by trading in IVL shares while in possession of UPSI about IDSL sale of ILPL to IIL for ~Rs 685 cr
- Trading in IVL shares in Feb-Mar 2017 while in possession of UPSI about sale of ILPL by IDSL to IIL for Rs 685 crores in violation of Regulation 4(1) PIT.Restrain from accessing securities market for 1 year per WTM order 5 Feb 2020 · Restrain from buying, selling or dealing in IVL securities for 3 yearsAppeal: Appeal No. 59 of 2020 and Appeal No. 473 of 2021 decided together; reserved 03.03.2022, decided 08.04.2022
Source: SecMarx — Mehul Johnson. 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.