Mr. Chetan S. Kothari

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned adjudication order imposing the composite penalty was quashed.
Appeals allowed and impugned AO penalty order set aside
Appellants to deposit Rs 5,00,000 each in interest-bearing account subject to AO result
Appellants to pay Rs 50,000 costs to SEBI
Appeals allowed; ex-parte AO penalty order imposing Rs 50 lakh each set aside

SAT-appeal

The appellants allegedly sold shares while in possession of unpublished price sensitive information and during closure of the trading window, violating the PIT Regulations and Model Code of Conduct.
Impugned adjudication order imposing the composite penalty was quashed. · Matter remitted to the Adjudicating Officer for fresh decision.
Appeal: Appeal No. 135 of 2018 decided by SAT on 24 September 2019; impugned order quashed and matter remitted
SAT matter SATV-C8ED10E20D7C531B938364DA
Appellant directed to deposit the balance amount within six weeks from 24.04.2019 · Adjudicating Officer directed to decide the matter within six weeks from 24.04.2019
Appeal: Misc. Application No. 205 of 2019 in Appeal No. 329 of 2017 disposed of on 24.04.2019
Alleged insiders in possession of unpublished price sensitive information traded in Tricom India Ltd scrip before dissemination, violating Reg 3(i) PIT.
Appeals allowed and impugned AO penalty order set aside · Matter remitted to AO to decide afresh after opportunity of hearing
Appeal: Appeal Nos. 328 of 2017 and 329 of 2017 allowed on 25.03.2019; remanded to AO for fresh decision
Alleged insiders in possession of UPSI before public dissemination traded in Tricom India Ltd scrip in violation of Reg 3(i) PIT Regulations.
Appeals allowed; ex-parte AO penalty order imposing Rs 50 lakh each set aside · Matter remitted to AO to decide afresh after giving opportunity of hearing
Appeal: Appeal Nos. 328 and 329 of 2017 allowed on 25.03.2019; impugned AO order set aside and remanded

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Source: SecMarx — Mr. Chetan S. Kothari. 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.