Narayan Balkrishan Toshniwal

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Restrain appellants and six entities from accessing securities market for 5 years
Freeze shares and mutual fund units in demat accounts for 5 years
WTM restrained appellants and six entities from accessing securities market for 5 years
WTM froze shares and mutual fund units in their demat accounts for 5 years

SAT-appeal

Alleged concerted pump-and-dump in Pine Animation Ltd to provide exit to preferential allottees and generate fictitious Long Term Capital Gains to convert unaccounted income tax-free.
Restrain appellants and six entities from accessing securities market for 5 years · Freeze shares and mutual fund units in demat accounts for 5 years
Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 against WTM order dated 18.11.2019; reserved 05.05.2021, decided 08.06.2021
Alleged scheme in Pine Animation Ltd to allot preferential shares, artificially pump price and provide exit to generate fictitious tax-free Long Term Capital Gains and launder black money.
WTM restrained appellants and six entities from accessing securities market for 5 years · WTM froze shares and mutual fund units in their demat accounts for 5 years
Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 reserved 05.05.2021 decided 08.06.2021

Analyse these matters in Ontology · Plans

Source: SecMarx — Narayan Balkrishan Toshniwal. 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.