Mrs. Chetna Kothari

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals allowed and impugned AO penalty order set aside
Appellants to deposit Rs 5,00,000 each in interest-bearing account subject to AO result
Appellants to pay Rs 50,000 costs to SEBI
Appeals allowed; ex-parte AO penalty order imposing Rs 50 lakh each set aside
Appellants to deposit Rs 5 lakh each in interest-bearing account subject to AO result

SAT-appeal

Alleged insiders in possession of unpublished price sensitive information traded in Tricom India Ltd scrip before dissemination, violating Reg 3(i) PIT.
Appeals allowed and impugned AO penalty order set aside · Matter remitted to AO to decide afresh after opportunity of hearing
Appeal: Appeal Nos. 328 of 2017 and 329 of 2017 allowed on 25.03.2019; remanded to AO for fresh decision
SAT matter SATV-C5818C1FB682C0D7CA06FE04
Appellant to deposit balance amount within six weeks · Adjudicating Officer to decide matter within six weeks
Appeal: Misc. Application No. 204 of 2019 in Appeal No. 328 of 2017 disposed of on 24.04.2019
Alleged insiders in possession of UPSI before public dissemination traded in Tricom India Ltd scrip in violation of Reg 3(i) PIT Regulations.
Appeals allowed; ex-parte AO penalty order imposing Rs 50 lakh each set aside · Matter remitted to AO to decide afresh after giving opportunity of hearing
Appeal: Appeal Nos. 328 and 329 of 2017 allowed on 25.03.2019; impugned AO order set aside and remanded

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Source: SecMarx — Mrs. Chetna Kothari. 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.