Nagmeshwar Balraj Yellamelli

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
AO penalty of Rs.10 lakh each, Rs.5 lakh for Jinesh Bhatt, upheld

SAT-appeal

Group of 8 indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc Applications 239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
Appeal: Appeals 289, 310, 340 of 2018 disposed by SAT order dated 29.4.2021 (reserved 10.2.2021) - dismissed
Group synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd contributing ~47-55% market volume and positive LTP
Misc Applications 239 and 276 of 2018 allowed - delay in filing appeals condoned · Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc Apps 239 and 276 of 2018 disposed on 29.04.2021 (reserved 10.02.2021) - dismissed
Group of 8 including 5 appellants allegedly indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc. Applications No.239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeal Nos.289, 310 and 340 of 2018 dismissed with no order as to costs
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc. Applications 239 and 276 of 2018 dismissed on 29.04.2021 (reserved 10.02.2021)

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Source: SecMarx — Nagmeshwar Balraj Yellamelli. 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.