Metaster Finlease Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants remained liable for the jointly and severally imposed penalty of Rs. 30 lakh

SAT-appeal

Alleged manipulation and fraudulent maintenance of the price of Sital Leasing and Finance Ltd. shares through connected and repeated trades, after price discovery at Rs. 720, violating Section 12A and the PFUTP Regulations.
All Appeals Nos. 470, 489, 497, 498 and 502 of 2020 dismissed without costs. · Appellants directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 470, 489, 497, 498 and 502 of 2020 dismissed by SAT on 20 September 2021; Appeal No. 498 abated as regards deceased appellant Sachin Goel.
Alleged fraudulent and manipulative trading in Sital Leasing and Finance Ltd. shares, including establishing and maintaining an artificially high price through connected and repeated trades.
All five appeals were dismissed without costs · Appellants remained liable for the jointly and severally imposed penalty of Rs. 30 lakh
Appeal: Appeal Nos. 470, 489, 497, 498 and 502 of 2020 dismissed by SAT on 20 September 2021; Appeal No. 498 abated as to deceased appellant Sachin Goel.

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Source: SecMarx — Metaster Finlease Ltd.. 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.