Mr. Nimish Pankajkumar Shah

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM directions restraining market access and disgorgement, and AO penalties, left undisturbed.
WTM restraint from securities market and disgorgement direction upheld
AO penalty of Rs.5 lakhs upheld
AO penalty of Rs. 1,80,000 upheld with no interference
Appellant may deposit penalty amount within four weeks subject to appeal outcome; stay application disposed

SAT-appeal

Alleged fraudulent and unfair trading, price manipulation, positive LTP contribution, and a concerted scheme to offload Timbor Home Ltd. shares by circulating unsolicited and misleading bulk SMS recommendations.
Appeals Nos. 259, 260, 261 and 262 of 2022 dismissed on merits. · WTM directions restraining market access and disgorgement, and AO penalties, left undisturbed.
Appeal: Appeal Nos. 259, 260, 261 and 262 of 2022 dismissed by SAT on 3 June 2022; delay in filing was condoned.
SAT matter SATV-92E2BD67142BB77016DEBC99
Heard counsel for parties and order reserved · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
Appeal: Appeal No.212 of 2022 with Misc. Application No.553 of 2022 heard on 25.7.2022; order reserved, not disposed
21 connected entities acted in concert to manipulate Timbor Home Ltd price and dump shares via unsolicited misleading bulk SMS inducing gullible investors.
Delay in filing appeals condoned · Appeal Nos. 259, 261, 260, 262 of 2022 dismissed with no order as to costs
Appeal: Appeal Nos. 259, 261, 260, 262 of 2022 dismissed on 3.6.2022; Misc. Applications Nos. 426-431 of 2022 disposed of
SAT matter SATV-EE4DA600CB685D24B4718CA7
Adjourned on request of respondent SEBI · Listed on July 25, 2022
Appeal: Appeal No. 212 of 2022 with Misc. Application No. 553 of 2022 pending; adjourned to July 25, 2022
Off-market transfer of Timbor Home Ltd shares between connected entities in violation of SCRA to misrepresent holding and offload shares on-exchange at higher price defrauding investors.
Delay condoned and Misc. Application No. 553 of 2022 allowed · Appeal No. 212 of 2022 dismissed with no order as to costs
Appeal: Appeal No. 212 of 2022 dismissed on 03.01.2023; delay condoned vide Misc. Application No. 553 of 2022
SAT matter SATV-759A316A2F072B658DA72184
Delay condoned; urgency application disposed of · Respondent SEBI to file reply within three weeks from 12.05.2022
Appeal: Appeal No. 212 of 2022 with Misc. Applications 347, 348, 349 of 2022 pending; delay condoned; reply/rejoinder ordered; listed July 19, 2022 for admission and final disposal
21 connected entities acted in concert in scheme to offload Timbor Home Ltd shares via misleading buy recommendations and price manipulation with positive LTP contribution.
Delay condoned, Misc. Applications allowed · Appeal Nos. 259, 261, 260, 262 of 2022 dismissed with no order as to costs
Appeal: Appeal Nos. 259, 261, 260, 262 of 2022 dismissed by SAT on 3.6.2022; Misc. Applications Nos. 426-431 of 2022 allowed/disposed
21 connected entities acted in concert to offload Timbor Home Ltd shares via unsolicited misleading buy advice; Nimish Pankajkumar Shah also indulged in price manipulation and positive LTP contribution.
Delay in filing appeals condoned; misc. applications allowed · Appeal Nos. 259, 261, 260, 262 of 2022 dismissed with no order as to costs
Appeal: Appeal Nos. 259, 261, 260, 262 of 2022 decided and dismissed on 3.6.2022

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Source: SecMarx — Mr. Nimish Pankajkumar Shah. 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.