Mr. Alpesh Vasanji Furiya

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM to decide matter pursuant to show cause notice after giving hearing to appellants on or before March 31, 2024
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
By consent, matters to be called on January 16, 2025

SAT-appeal

SAT matter SATV-4143EFBE0B8ADD1C8F15E326
Order reserved in Review Application No. 5 of 2026
Appeal: Review Application No. 5 of 2026, along with Miscellaneous Application No. 299 of 2026, in Appeal No. 426 of 2024; heard and order reserved on 26 March 2026
Unspecified charge leading to securities market debarment and alleged disgorgement of Rs 8.30 crore (specific violation not detailed in this order)
Appeal disposed of without going into merits · WTM to decide matter pursuant to show cause notice after giving hearing to appellants on or before March 31, 2024
Appeal: Appeal No. 877 of 2022 with Misc. Applications No. 1288-1289 of 2022 disposed of on 21.11.2023 without going into merits
SAT matter SATV-70D727AF319FBDAD78E7801A
Call on December 04, 2024 at 02:30 P.M.
Appeal: Appeal No. 426 of 2024 and Appeal No. 551 of 2024 taken up on 03.12.2024; adjourned with no disposal
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 costs
Appeal: 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
SAT matter SATV-D686F90D4E7116EDA745B0B6
Call on December 04, 2024 at 02:30 P.M.
Appeal: Appeal No. 426 of 2024 and Appeal No. 551 of 2024 pending before SAT; adjourned to 04.12.2024
SAT matter SATV-E7C01964CFA13B035B023AAE
By consent, matter to be called on January 16, 2025
Appeal: Appeal No. 426 of 2024 and Appeal No. 551 of 2024 pending; adjourned by consent to January 16, 2025
SAT matter SATV-9541542426BBBA2576DF18AC
By consent, matters to be called on January 16, 2025
Appeal: Appeal No. 426 of 2024 and Appeal No. 551 of 2024 pending before SAT; adjourned by consent to January 16, 2025 vide order dated 16.12.2024
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 order
Appeal: 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

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Source: SecMarx — Mr. Alpesh Vasanji Furiya. 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.