Mr. Sajjankumar Nanwal

SAT-appeal

• Alleged fraudulent and unfair trading through self-trades, intra-group trades, multiple first trades and synchronized trades, creating artificial volumes and increasing prices in four scrips.
  Impugned monetary-penalty order was quashed and set aside. · Matter remanded to the adjudicating officer for fresh adjudication.
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed of on 15 February 2016; impugned order quashed and matter remanded.
• Alleged fictitious trading as Sanghvi Group via self, intra, multiple first and synchronized trades to inflate price/volume in four scrips
  Quash and set aside AO impugned order imposing Rs 5 crore · Restore matter to AO file for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15 February 2016 - impugned order quashed and remanded
• Alleged Sanghvi Group indulged in fictitious artificial trading in four scrips to inflate price and volume and create New High Price in violation of PFUTP norms.
  Impugned AO penalty order quashed and set aside · Matter restored/remanded to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15.02.2016; impugned order set aside and remanded
• Alleged Sanghvi Group indulged in fictitious artificial trading in four scrips via self, intra, multiple first and synchronized trades to inflate price/volume and create new high price.
  Impugned AO order quashed and set aside · Matter remanded to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed of on 15.02.2016 by remand, no costs
• Alleged Sanghvi Group indulged in fictitious/artificial trading via self, intra, multiple first and synchronized trades to inflate price/volume in four scrips
  Quashed and set aside AO impugned order imposing Rs 5 crore jointly and severally · Restored matter to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15.02.2016; impugned penalty order quashed and remanded for fresh adjudication
• Alleged fictitious trading as Sanghvi Group in four scrips via self, intra, multiple first and synchronized trades to inflate price and volume and create new high prices.
  Quash and set aside AO impugned penalty order · Restore matter to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15 February 2016 by quashing AO order and remanding for fresh adjudication
• Alleged fictitious/artificial trading by Sanghvi Group via self, intra, multiple first and synchronized trades to inflate price/volume and create New High Price in four scrips.
  Quash and set aside AO order imposing Rs 5 cr joint and several penalty · Restore matter to AO for fresh adjudication after fresh replies per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15.02.2016 - impugned penalty quashed and remanded for fresh adjudication
• Alleged fictitious/artificial trading by Sanghvi Group in four scrips via self trades, intra-trades, multiple first trades and synchronized trades to inflate price/volume and create New High Price.
  Quash and set aside impugned adjudication order imposing Rs 5 crore jointly and severally · Restore matter to adjudicating officer for fresh adjudication in accordance with law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed of on 15.02.2016; impugned AO order quashed and remanded for fresh adjudication
• Alleged Sanghvi Group indulged in fictitious/artificial trading - self, intra, multiple first and synchronized trades - contributing to price rise, artificial volume and new high price.
  Quashed and set aside AO order imposing Rs 5 crore jointly and severally · Remanded/restored matter to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed on 15.02.2016 - impugned order quashed and remanded for fresh adjudication
• Alleged Sanghvi Group did fictitious/artificial trading via self, intra, multiple first and synchronized trades to inflate price/volume and create new high price in four scrips.
  Impugned adjudication order quashed and set aside · Matter restored to adjudicating officer for fresh adjudication as per law
  Appeal: Appeal Nos. 81 to 90 of 2014 disposed of on 15.02.2016; impugned order quashed and remanded, no order as to costs