Mr. Manoj Kumar Agrawal

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced from Rs. 7.5 lakhs to Rs. 4 lakhs.
Impugned WTM order: all appellants restrained from accessing securities market directly/indirectly for 10 years
All appellants restrained from accessing securities market directly/indirectly for 10 years per WTM order
Four appellants excluding Manoj Kumar Agrawal directed to refund investors/clients money with 15% p.a. interest from due date till payment
Restrain all appellants from accessing securities market directly or indirectly for 10 years

SAT-appeal

Failure to exercise due diligence and take steps to remedy regulatory violations connected with the company's fraudulent mobilisation of funds, despite not being responsible for the fraud or having made illegal gains.
Appeal partly allowed. · Penalty reduced from Rs. 7.5 lakhs to Rs. 4 lakhs.
Appeal: Appeal No. 380 of 2021 decided on 14 June 2021; partly allowed.
Stock broker Kassa diverted/siphoned client funds/securities to group entities and illegally collected ~Rs 55 cr as loans promising assured returns acting as unregistered portfolio manager.
Impugned WTM order: all appellants restrained from accessing securities market directly/indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal directed jointly/severally to refund investor/client money with 15% p.a. interest from due date till payment
Appeal: Appeal Nos. 371/2017, 37/2018, 346/2017, 38/2018, 197/2018 with Misc. Applications 01/2019, 2/2019, 426/2018 heard together, reserved 03.07.2019, decided 26.09.2019
Diversion/siphoning of client/investor funds and securities to group entities, collecting money promising assured returns without PMS registration, misutilisation and non-segregation of funds.
All appellants restrained from accessing securities market directly/indirectly for 10 years per WTM order · Four appellants excluding Manoj Kumar Agrawal directed to refund investors/clients money with 15% p.a. interest from due date till payment
Appeal: 5 SAT Appeals No.371/2017, 346/2017, 197/2018, 37/2018, 38/2018 heard together; Order Reserved 03.07.2019, Date of Decision 26.09.2019
Diversion/siphoning of client funds and securities to group entities and collecting loans promising assured returns without PMS/broker authorisation.
Restrain all appellants from accessing securities market directly or indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal to jointly refund investors/clients money with 15% p.a. interest
Appeal: Appeal Nos 371/2017, 346/2017, 37/2018, 38/2018, 197/2018 disposed by common decision dated 26.09.2019
Diversion/siphoning of client/investor funds and securities to group entities and collecting ~Rs 55 cr promising assured returns without PMS registration.
Restrained all appellants from accessing securities market directly or indirectly for 10 years · Four appellants (excluding Manoj Kumar Agrawal) directed to refund investors/clients money with 15% p.a. interest till payment
Appeal: Appeal Nos. 371/2017, 37/2018, 346/2017, 38/2018, 197/2018 against WTM order 05.09.2017, reserved 03.07.2019, decided 26.09.2019
Diversion/siphoning of client/investor funds and securities to group entities and collecting funds promising assured returns without PMS registration.
Restrained from accessing securities market directly/indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal jointly/severally to refund investors/clients money with 15% p.a. interest
Appeal: Appeal Nos 371/2017, 346/2017, 37/2018, 38/2018, 197/2018 against WTM order 05 Sep 2017; reserved 03 Jul 2019, decided 26 Sep 2019

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Source: SecMarx — Mr. Manoj Kumar Agrawal. 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.