Mr. Vinod Baid

SAT-appeal

• False corporate announcements on Innovesco investment (July 5, 16, 2007) and Ammana 51% stake purchase (Aug 27, 2008) to create artificial volume/price to enable Vinod Baid to offload 9.60 lac shares via MFMCL at inflated prices.
  Restrain GLL and Vinod Baid from accessing securities market for three years from September 13, 2013 · Prohibit buying, selling and otherwise dealing in securities directly or indirectly for three years
  Appeal: Appeal No. 3 of 2014 (Baid) and Appeal No. 195 of 2013 (GLL) against SEBI order dated September 13, 2013 - SAT declined to interfere, decision dated February 25, 2014
• False corporate announcements on Innovesco investment (5,16 July 2007) and Ammana 51% stake purchase (27 Aug 2008) to create artificial volume to enable promoter Vinod Baid to offload 9.6 lac shares via MFMCL at inflated prices.
  SEBI debarment of GLL and Vinod Baid from accessing and dealing in securities market for 3 years upheld · SAT declined to interfere with impugned order in any manner
  Appeal: Appeal No. 3 of 2014 and Appeal No. 195 of 2013 heard 13.02.2014, decided 25.02.2014; SAT declined to interfere with SEBI order
• SAT matter SATV-B900B337A12EB21D34604D2D
  Impugned NSE communication dated September 4, 2017 set aside · NSE directed to pass fresh order on merits and in accordance with law after affording opportunity of hearing to appellants
  Appeal: Appeal No.326 of 2017 disposed of on 18.12.2017 with no order as to costs; 5-day filing delay condoned in Misc. Application No.301 of 2017