Nihal G. Kulkarni

SAT-appeal

• Alleged insider trading in KBL shares while in possession of UPSI concerning capital loss on advances/investment in KCEL and KBL's July–September 2010 financial results. Also alleged PFUTP fraud and disclosure/model-code violations.
  Appeals concerning the common and connected SEBI orders were heard together and decided together · Impugned WTM orders included market-access restraints, proposed disgorgement deposits and monetary penalties
  Appeal: Appeal Nos. 499, 503–508 of 2020 and 44 of 2021 were heard together; decision dated 12 October 2022. The supplied text does not include the final operative disposal paragraphs.
• Alleged insider trading while possessing UPSI concerning capital loss on KBL’s advances/investment in KCEL and KBL’s July–September 2010 financial results; also alleged fraud, PFUTP violations and disclosure/code breaches.
  Appeals 499/2020, 503/2020, 504/2020, 505/2020, 506/2020, 507/2020, 508/2020 and 44/2021 were heard together and decided together. · WTM directions included market-access restraints, proposed disgorgement subject to post-decisional hearing, and monetary penalties; Appeal 44/2021 sought enhancement of penalty and disgorgement.
  Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were decided together by SAT on 12 October 2022; final dispositions are not included in the provided excerpt.