Networth Stock Broking Ltd.

SAT-appeal

• Alleged participation in or aiding and abetting circular, synchronized intraday trades in G.G. Automotive Gears Ltd., creating artificial volumes, a false market and misleading appearance of trading.
  Appeal allowed. · SEBI order dated 27 December 2011 set aside.
  Appeal: Appeal No. 5 of 2012 decided by SAT on 19 June 2012; appeal allowed and impugned SEBI order set aside, with remand.
• Alleged placing of orders at unrealistic high prices Rs.2,000-30,000 in KGN Industries Ltd on 21 May 2008 disturbing market equilibrium; later warned for failure to deliver 1 share sold.
  BSE warning communication dated 7 November 2008 set aside · Appeals No. 90, 94 and 101 of 2008 allowed
  Appeal: Appeals No. 90, 94 and 101 of 2008 disposed by SAT order dated 06.10.2009 - allowed
• Suspected market misconduct under SEBI investigation on broker complaints; interim restraint on certain players from dealing in securities market.
  Appeals No. 99 to 101 of 2009 dismissed as premature · WTM to consider appellants objections dated 19 June 2009 and pass order per law
  Appeal: Appeal No. 99 of 2009 with Appeals No. 100-101 of 2009 decided 9.7.2009 - dismissed as premature
• Aiding and abetting client Ms. I. U. Goda in creation of misleading appearance of trading via intra-day circular trades in G.G. Automotive Gears Ltd.
  Appeal allowed and WTM order dated April 19, 2011 set aside · Case remanded to SEBI for fresh proceedings in accordance with law uninfluenced by observations
  Appeal: Appeal No. 73 of 2011 decided on 21.6.2011 - allowed and remanded to SEBI