Mr. Laxmikant Vyas

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalties of Rs. 5 lakh each set aside.
Both appeals partly allowed; Rs.5 lakh penalty on each appellant not upheld

SAT-appeal

Alleged price and volume manipulation in Mapro Industries Ltd. through early-day buy orders placed above the last traded price, creating a false or misleading appearance of trading.
Appeal No. 159 of 2020 and Appeal No. 160 of 2020 partly allowed. · Penalties of Rs. 5 lakh each set aside.
Appeal: Appeal No. 159 of 2020 and Appeal No. 160 of 2020 decided together by SAT on 25 August 2020; both partly allowed.
SAT matter SATV-20986136EFAE8EAB164CE9F7
Order records hearing of interim-relief application and appeals through video conference; operative relief outcome is not stated in the extracted text
Appeal: Appeal Lodging No.171 of 2020 and Appeal Lodging No.210 of 2020 were heard; order reserved on 6 August 2020. Disposal outcome is not stated in the extracted text.
SAT matter SATV-60EEF7F3772B5D4AC6D023FF
Order reserved after hearing · Parties directed to act on digitally signed copy sent by fax and/or email
Appeal: Misc. Application No.144 of 2020 with Appeal Lodging No.171 of 2020 and Appeal Lodging No.210 of 2020; heard on 6.8.2020, order reserved
Alleged price manipulation of Mapro Industries Ltd scrip by placing early-morning buy orders above LTP to raise price and disturb market equilibrium.
Both appeals partly allowed; Rs.5 lakh penalty on each appellant not upheld · Warning that repetition of similar trading pattern will lead to penal consequences
Appeal: Appeal Nos.159 and 160 of 2020 partly allowed by SAT decision dated 25.8.2020; Misc. Application No.144 of 2020 disposed as infructuous

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Source: SecMarx — Mr. Laxmikant Vyas. 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.