Devangi D. Panchal

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals arising from the adjudicating officer's common order were heard together; the order under appeal imposed penalties of Rs. 20 crore in Appeal No. 198 of 2011 and Rs. 25 crore in Appeal No. 200 of 2011.
SEBI's February 25, 2011 WTM order, including market prohibition and disgorgement directions, was treated as final and binding because it was not appealed.
WTM to consider replies filed and personal hearing arguments
For orders see Appeal No. 198 of 2011 decided on 12.11.2012

SAT-appeal

Alleged fraudulent and manipulative conduct by cornering IPO shares reserved for retail individual investors through fictitious/benami accounts and deceptive schemes, followed by transfers and sales for profit.
Appeals arising from the adjudicating officer's common order were heard together; the order under appeal imposed penalties of Rs. 20 crore in Appeal No. 198 of 2011 and Rs. 25 crore in Appeal No. 200 of 2011. · SEBI's February 25, 2011 WTM order, including market prohibition and disgorgement directions, was treated as final and binding because it was not appealed.
Appeal: SAT Misc. Application No. 25 of 2012 and Appeal No. 198 of 2011 decided on 12 November 2012; text also references connected Appeal No. 200 of 2011.
SAT matter SATV-3D7F5D883891D9B35CB8C905
Impugned WTM order quashed and set aside qua appellants without recording reasons · Matter restored to WTM file for fresh order on merits in accordance with law
Appeal: Appeal No.12 of 2013 and Appeal No.15 of 2013 disposed of on 21/10/2014 by consent remand
SAT matter SATV-8A6BC131A4DF63EDB579C09F
Impugned WTM order quashed and set aside qua appellants · Matter restored to WTM file for fresh order on merits in accordance with law
Appeal: Appeal No.12 of 2013 and Appeal No.15 of 2013 disposed on 21/10/2014 by quashing impugned order qua appellants and remanding for fresh order
SAT matter SATV-509C8549785DCD6CC9AD7F45
Miscellaneous Application No. 21 of 2015 permitted to be withdrawn · Withdrawal allowed with no order as to costs
Appeal: Miscellaneous Application No. 21 of 2015 in Appeal Nos. 12 and 15 of 2013 was withdrawn and disposed of on 17 June 2015; no merits decision on the appeals is stated.
SAT matter SATV-C3113B07FB31390934D31DD8
Misc. Application No. 21 of 2015 allowed to be withdrawn · No order as to costs
Appeal: Misc. Application No. 21 of 2015 in Appeal No. 12 of 2013 and Appeal No. 15 of 2013 decided on 17.06.2015; Misc. Application withdrawn, disposal of main appeals not stated
SAT matter SATV-D799444201E76870815EAE8B
For orders see Appeal No. 198 of 2011 decided on 12.11.2012
Appeal: Appeal No. 200 of 2011 with Misc. Application No. 26 of 2012 decided on 12.11.2012; for orders see Appeal No. 198 of 2011 decided on 12.11.2012

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Source: SecMarx — Devangi D. Panchal. 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.