Monika
Penalties and directions recorded
- SEBI AO's penalty order upheld.
- Respondent's adjournment request was granted; matters were passed over and listed for 30 November 2022.
- AO finding of violation and Rs 5 lakh penalty each upheld
- Penalty reduced to Rs 4 lacs to be paid by appellants jointly and severally
- AO penalty of Rs 5 lakh each upheld as commensurate
SAT-appeal
- Alleged synchronized and reversal trades in Swan Energy Ltd. shares created artificial volume and a misleading appearance of trading, without change in beneficial ownership.Appeal Nos. 468, 469 and 470 of 2022 dismissed. · SEBI AO's penalty order upheld.Appeal: Appeal Nos. 468, 469 and 470 of 2022 dismissed by SAT on 5 January 2023.
- SAT matter SATV-2FCDF713F1439EBCC57E1093Respondent's adjournment request was granted; matters were passed over and listed for 30 November 2022.Appeal: Miscellaneous Application No. 1042 of 2022 and Appeals Nos. 468, 469 and 470 of 2022; on 4 November 2022, adjourned and listed for 30 November 2022.
- SAT matter SATV-36C83E36B78FBE250DE510B4Connected with Appeal No. 468 of 2022 · Respondent to file reply within three weeks annexing relevant documentsAppeal: Appeal No. 470 of 2022 pending; connected with Appeal No. 468 of 2022, next listing on 19 September 2022
- Synchronized and reversal trades in Swan Energy Ltd with meeting of minds creating misleading appearance and artificial volume with no change in beneficial ownership.Appeal Nos. 468, 469, 470 of 2022 dismissed · AO finding of violation and Rs 5 lakh penalty each upheldAppeal: Appeal Nos. 468, 469, 470 of 2022 with Misc. Applications 1042 and 1357 of 2022 dismissed vide decision dated 05.01.2023
- SAT matter SATV-6783257C0E49E2B062791B21Adjourned on request of appellant's counsel; listed for admission on August 24, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal No. 470 of 2022 adjourned on 10.08.2022; listed for admission on 24.08.2022
- Repeated reversal trades in Gallantt Ispat Ltd creating artificial volume in the market in violation of PFUTP Regulations.Appeal partly allowed; violation affirmed · Penalty reduced to Rs 4 lacs to be paid by appellants jointly and severallyAppeal: Appeal No. 27 of 2022 decided on 13.05.2022 - partly allowed; violation affirmed, penalty reduced
- SAT matter SATV-75728D32CA2ED2703FF62039Respondent to file additional reply within a week from 20.10.2022 · Matter listed on November 4, 2022Appeal: Appeal Nos. 468, 469 and 470 of 2022 heard on 20.10.2022; not disposed, adjourned to 04.11.2022 for additional reply
- SAT matter SATV-CE337A3A820DCF2FDA1E15E3Heard counsel for parties, order reservedAppeal: Appeal Nos. 468, 469 and 470 of 2022 pending before SAT; heard on 30.11.2022 and order reserved
- Synchronized and reversal trades in Swan Energy Ltd creating artificial volume and misleading appearance with no change in beneficial ownership.Appeal Nos. 468, 469, 470 of 2022 dismissed · AO penalty of Rs 5 lakh each upheld as commensurateAppeal: Appeal Nos. 468, 469, 470 of 2022 with Misc. Appl. 1042, 1357 of 2022 decided 05.01.2023 - dismissed
- SAT matter SATV-CDC565892B3B62A03C756896Reply filed by respondent SEBI taken on record · Three weeks' time allowed to appellants to file rejoinderAppeal: Appeal Nos. 468, 469 and 470 of 2022 pending before SAT; vide order dated 19.9.2022 listed for admission and final disposal on 20th October, 2022
Source: SecMarx — Monika. 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.