Ms. Sunita Gupta

SAT-appeal

• Alleged violation of SEBI Act Section 12A and PFUTP Regulations through trades treated by the AO as executed in individual capacity rather than as a sub-broker.
  Impugned AO order dated 22 July 2014 quashed and set aside. · Matter restored to the AO for fresh decision on merits and in accordance with law.
  Appeal: Appeal No. 324 of 2014 disposed of by SAT on 29 April 2016; impugned order quashed and matter remanded to the AO.
• Misconceived fresh appeal to set aside SAT order dated 12.12.2013 instead of filing application with new documents as permitted by Supreme Court order dated 24.02.2014.
  Appeal No. 103 of 2014 dismissed as gross abuse of process with no order as to costs
  Appeal: Civil Appeal against SAT order dated 12.12.2013 withdrawn before Supreme Court on 24.02.2014 with liberty to file application with left-out documents
• Synchronized trades, circular trades and LTP/NHP manipulation in violation of Regulation 11 PFUTP Regulations.
  Appeal No. 193 of 2016 dismissed with no order as to costs · WTM order restraining appellant from accessing securities market for 3 years upheld
  Appeal: Appeal No. 193 of 2016 decided and dismissed on 21.04.2017
• Trading as sub-broker without registration in Sumeet Industries Ltd scrip and failure to furnish documents sought under summonses during investigation.
  Appeal partially allowed, impugned order dated 23 January 2013 modified · Penalty under Section 15HB sustained at Rs 3 lac
  Appeal: Appeal No. 56 of 2013 reserved on 05 December 2013, decided on 12 December 2013, partially allowed
• Trading as unregistered sub-broker through Parasram Holdings Pvt Ltd in Sumeet Industries Ltd at BSE and failure to furnish information/comply under Section 11C.
  Review Application No. 9 of 2014 allowed; SAT order in Appeal No. 56 of 2013 dated 12.12.2013 recalled · Appeal No. 56 of 2013 disposed by setting aside AO ex-parte order dated 23.01.2013
  Appeal: Supreme Court appeal withdrawn by order dated 24.02.2014 with liberty to file review before SAT; Review decided 29.04.2016
• SAT matter SATV-DF84E8C553714DD2E9F4E3A0
  Delay of 33 days condoned; Misc. Application No.336 of 2016 disposed of accordingly · SEBI directed to dispose of appellants' representation dated October 31, 2016 as expeditiously as possible
  Appeal: Appeal No.412 of 2016 filed against WTM order dated September 20, 2016 disposed of as not pressed on 20.12.2016