Mr. Hemant R. Patel

SAT-appeal

• SAT matter SATV-1C1FE45448C25898C0913075
  Demat accounts of all appellants to be defreezed latest by 30 March 2015 · Miscellaneous Applications disposed of in terms of SEBI counsel's statement
  Appeal: Misc. Application Nos. 113 of 2015 in Appeal No. 289 of 2014, 114 of 2015 in Appeal No. 290 of 2014, and 110 of 2015 in Appeal No. 292 of 2014 disposed of on 27 March 2015
• SAT matter SATV-18ADB4CADDC93C9696435AD0
  Order follows the same order as in Appeal No. 191 of 2009, decided on 21 October 2010
  Appeal: Appeal No. 228 of 2009 decided on 21 October 2010; decision stated to be the same as in Appeal No. 191 of 2009
• SAT matter SATV-2E776F0FBE0328D5380BBB91
  Misc. Applications disposed of on SEBI undertaking to defreeze appellants demat accounts · No order as to costs
  Appeal: Misc. Application Nos. 113, 114, 110 of 2015 in Appeal Nos. 289, 290, 292 of 2014 disposed of on 27.03.2015
• Alleged that appellants being connected/deemed connected persons were insiders under Insider Trading Regulations
  Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
  Appeal: Appeal Nos. 288, 289, 290, 291, 292 of 2014 decided on 05.02.2015; impugned order quashed and remanded to WTM
• Alleged insider trading by appellants as connected/deemed connected persons being insiders under PIT Regulations
  Impugned WTM order dated July 24, 2014 quashed and set aside · Matters restored to WTM file for fresh common order on preliminary issue and merits
  Appeal: Appeal Nos. 288, 289, 290, 291 and 292 of 2014 disposed on 05.02.2015 by quashing impugned order and remanding
• Alleged insider trading as connected / deemed to be connected persons being "insiders" within meaning of Regulations
  Impugned WTM order dated July 24, 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
  Appeal: Appeal Nos. 288, 289, 290, 291, 292 of 2014 disposed on 05.02.2015 by quashing WTM order and remanding for fresh decision
• Alleged that appellants being connected / deemed connected persons were insiders under the Regulations; detailed UPSI / trading particulars not set out in SAT order.
  Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
  Appeal: Appeal Nos. 288,289,290,291,292 of 2014 disposed on 05.02.2015; impugned order quashed and remanded with no costs
• SAT matter SATV-CD7CD278D0FFAD8314BE455B
  Adjudicating officer not to proceed further till Appeal No. 191 of 2009 and connected appeals are finally disposed · Appellant to file reply to AO show cause notice within four weeks
  Appeal: Appeal No. 176 of 2010 decided and disposed on 20.10.2010 on basis of counsels statements
• SAT matter SATV-7020D53A199304B6AE84AEE6
  Demat accounts of appellants to be defreezed as per statement of SEBI counsel · All three Misc. Applications disposed of with no order as to costs
  Appeal: Misc. Application Nos. 113, 114 and 110 of 2015 in Appeal Nos. 289, 290 and 292 of 2014 disposed on 27.03.2015
• Trading in KLG Capital Services Ltd on basis of UPSI of acquisition of 60.46% stake by Awaita Properties Pvt Ltd before disclosure, with information passed by SKIL officials to relatives who traded.
  WTM impugned: restraint from securities market for 5 years and from being director of any listed company for same period · WTM impugned: disgorgement of Rs.4,37,550 by Priyanka and Rs.4,12,000 by Anita Ravichandran with 12% p.a. interest
• Alleged insider trading as connected/deemed connected persons being insiders within meaning of PIT Regulations.
  Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM file for fresh common order on preliminary issue and merits
  Appeal: Appeal Nos. 288, 289, 290, 291 and 292 of 2014 decided on 05.02.2015; impugned order quashed and remanded for fresh decision