Mr. Shem Raja Sudhakar

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

No costs awarded; Rs.5 lakhs penalty each under Section 15HA upheld
Penalty of Rs.5 lakhs each under Section 15HA confirmed

SAT-appeal

Inflated sales/purchases via connected entities, publication of false financial results to inflate stock price and sale of shares via exchange with proceeds transferred to promoters/connected entities.
Appeal Nos. 415, 431, 432 of 2024 dismissed both on inordinate delay and on merits · All interlocutory applications (Misc. Applications 275, 267, 268 of 2024) disposed of
Appeal: Appeal Nos. 415, 431, 432 of 2024 with Misc. Applications 275, 267, 268 of 2024 heard and reserved 21 August 2024, dismissed on 23 October 2024 for delay of 565, 563, 550 days
SAT matter SATV-5405011C6D4CC522F4FD5A95
Order reserved after hearing learned counsel for parties · Exemption applications allowed
Appeal: Appeal Nos. 415, 431 and 432 of 2024 with Misc. Applications heard on 21.08.2024; order reserved
SAT matter SATV-BFA59FE723B06CC739B29E4B
Respondent granted one week's time to file reply to Misc. Application for condonation of delay · Matter to be called on 21.08.2024 by consent
Appeal: Appeal No. 415 of 2024 with Misc. Application No. 275 of 2024 and Misc. Application No. 294 of 2024 pending; condonation of delay reply awaited; next date 21.08.2024
Inflating sales/purchases and publishing false financials of Arvind Remedies Ltd to artificially inflate price and selling shares via connected entities.
Appeal Nos.415,431,432 of 2024 dismissed on delay and merits · Penalty of Rs.5 lakhs each under Section 15HA confirmed
Appeal: Appeal Nos.415,431,432 of 2024 with Misc. Appl. 275,267,268 of 2024 heard/reserved 21 Aug 2024, dismissed 23 Oct 2024
Alleged participation in manipulation of Arvind Remedies Ltd.'s securities through misleading financial statements, inflated sales and purchases, and transactions through connected or controlled entities. Penalty was imposed under Section 15HA.
Appeal Nos. 415, 431 and 432 of 2024 dismissed on delay and merits · Miscellaneous Applications Nos. 267, 268 and 275 of 2024 disposed of
Appeal: Appeal Nos.415, 431 and 432 of 2024 dismissed by SAT on 23 October 2024; interlocutory applications disposed of.

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Source: SecMarx — Mr. Shem Raja Sudhakar. 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.