Mr. Hemant Ghai

9 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Further deposit of Rs. 3,90,67,921 towards alleged unlawful gains stayed until the next date of listing.
Matters listed for admission on 24 March 2022.
Rs.2,95,18,680 to remain in escrow during pendency of reinvestigation
Rs.2,95,18,680 to remain in escrow during reinvestigation
Matters adjourned and listed for admission as first case

SAT-appeal

Buying shares in wife/mother accounts previous day, recommending same stocks on TV next day before market open, then selling via BTST to make unlawful gains
Impugned WTM order dated 3rd February 2022 quashed · Appeal No.111 of 2022 (Jaya and Shyam Mohini Ghai) allowed
Appeal: Appeal No.110 of 2022 and Appeal No.111 of 2022 with Misc. Application No.175 of 2022 disposed on 30.3.2022 (order reserved 24.3.2022); 111 allowed, 110 disposed with directions
SAT matter SATV-47299C5DA96159F66B3494AA
Order reserved after hearing learned counsel for parties · Matter to be put up on August 25, 2022 for delivery of order
Appeal: Appeal No. 475 of 2022 and Appeal No. 476 of 2022 heard on 23.08.2022; order reserved for delivery on 25.08.2022
SAT matter SATV-5DC96647DE789A0634E79FA2
Order reserved after hearing counsel for both parties · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal No. 110 of 2022 heard on 24.03.2022; order reserved
Front-running TV recommendations: buying stocks in wife/mother accounts previous day, recommending same stocks on TV next day, then selling via BTST for unlawful gains.
Impugned WTM ex-parte order dated 3rd February 2022 quashed · Appeal No.111 of 2022 allowed
Appeal: Appeal No.110 and 111 of 2022 disposed on 30.03.2022; 111 allowed, 110 disposed with directions
SAT matter SATV-50CEDB7A671529C35B97227E
Urgency applications disposed of · Exemption applications disposed of
Appeal: Appeal Nos. 475 and 476 of 2022 were taken up for admission on 11 August 2022, adjourned, and listed for admission on 23 August 2022
Alleged unlawful gains; the underlying violation is not specified in this order.
Delay in filing both appeals condoned. · Respondent directed to file replies in both appeals within one week from 11 March 2022.
Appeal: Appeal Nos. 110 and 111 of 2022; order dated 11 March 2022 condoned filing delay, granted interim stay on further deposit, and adjourned matters for admission on 24 March 2022.
Alleged front-running of TV stock recommendations: buying scrips prior day in wife/mother accounts, recommending same scrips on TV, then selling via BTST into recommendation-driven moves for unlawful gains.
Rs.2,95,18,680 to remain in escrow during pendency of reinvestigation · Interim restraint on buying/selling/dealing in securities set aside
Appeal: Appeal Nos. 475 and 476 of 2022 heard 23.8.2022, decided 25.8.2022; partly allowed with modification
Alleged front-running by buying stocks in wife/mother accounts previous day, recommending same stocks on TV next day, then selling via BTST for unlawful gains.
Rs.2,95,18,680 to remain in escrow during reinvestigation · Interim restraint from buying, selling or dealing in securities set aside
Appeal: Appeal Nos. 475 and 476 of 2022 partly allowed by SAT order dated 25.8.2022 (hearing 23.8.2022)
SAT matter SATV-A15E8129A02243379600D6EA
Urgency applications disposed of as appeals taken up for admission · Exemption applications disposed of for reasons stated
Appeal: Appeal No. 475 of 2022 and Appeal No. 476 of 2022 pending for admission; adjourned to 23.08.2022

Analyse these matters in Ontology · Plans

Source: SecMarx — Mr. Hemant Ghai. 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.