Mr. Anil Dave

SAT-appeal

• Alleged that appellant was a front of Grishma Securities Pvt. Ltd. and thus covered by restraint orders; appellant claims not named but barred from selling shares.
  Permit appellant to sell listed shares per holding report as on 31/03/2013 and deposit proceeds with SEBI · SEBI to keep proceeds in interest bearing account immediately on receipt
  Appeal: Appeal No. 24 of 2013 decided on 12.04.2013 and disposed of with conditional sale directions; prior Appeal No. 46 of 2012 disposed on 28.02.2012
• Suspected fraudulent trades in Tijaria Polypipes Ltd IPO scrip on first listing day; broker Grishma restrained, appellant's role also alleged
  Complete enquiry against appellant per SCN dated 16 May 2014 preferably within six weeks of receipt of order copy · If appellant does not sell shares per earlier orders, SEBI to decide on shares and pass appropriate order within two weeks thereafter
  Appeal: Appeal No. 210 of 2014 disposed on 27.08.2014 with directions; no further appeal mentioned
• No SEBI Act violation alleged against appellant; shares frozen due to broker restraint, with FIU/IT probe into genuineness of source of funds for share purchases.
  SEBI directed to permit appellant to sell shares lying in margin money account with Grishma Securities · Appellant to deposit sale proceeds in interest-bearing fixed deposit with nationalized bank
  Appeal: Appeal No.398 of 2014 decided/disposed on 10/06/2015 in above terms with no order as to costs
• SAT matter SATV-98B46105C7A20006DB9F8F87
  Appeal disposed of as abated due to death of appellant · No order as to costs
  Appeal: Appeal No. 411 of 2014 disposed of on 20.09.2016 as abated