Nirmal Singh Mertia

SAT-appeal

• SAT matter SATV-0168636880895FB1570447C5
  List the appeal on 18 December 2023.
  Appeal: Appeal No. 111 of 2023; order dated 9 November 2023; not disposed, listed for 18 December 2023.
• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  Appeals partly allowed. · Three-year restraint from accessing and dealing in the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273 of 2018, 158 of 2018, 159 of 2018, 181 of 2018, 216 of 2018, 246 of 2018, 290 of 2018, 291 of 2018, 311 of 2018, 374 of 2018, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SAT matter SATV-159A3D105FA8855B91846881
  Review application adjourned for hearing on 13 December 2024 as a last chance
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023; adjourned on 11 October 2024 to 13 December 2024
• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  All appeals partly allowed. · Three-year restraint/debarment order held to have been fully undergone and ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SEBI alleged that preferential allotment was followed by an abnormal and huge rise in the scrip prices as part of a fraudulent scheme to manipulate the market, make wrongful gains and undermine market integrity.
  Appeals partly allowed; restraint and market-access prohibitions ended on 27 September 2019. · Adjudicating Officer directed to consider the matter on merits independently of the WTM's findings.
  Appeal: Appeal Nos. 273 of 2018, 158 of 2018, 159 of 2018, 181 of 2018, 216 of 2018, 246 of 2018, 290 of 2018, 291 of 2018, 311 of 2018, 374 of 2018, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SAT matter SATV-1D9B4BD964C0F3AA4F737E1A
  Adjournment granted as a last chance · Matter listed for hearing on 17 January 2025
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023; adjourned on 18 December 2024 to 17 January 2025
• SAT matter SATV-278B1EE29654FA515E6CB485
  Review Application No. 2 of 2024 listed for hearing on 14 June 2024
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023; listed on 15 March 2024 for 14 June 2024; not disposed in this order
• SAT matter SATV-1B7CE2CD457655D4271766EA
  By consent, the Review Application was listed for hearing on 1 August 2024.
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023; by-consent listing ordered for 1 August 2024 on 14 June 2024
• SEBI alleged that preferential allotment was followed by an abnormal and huge rise in the scrip prices, forming part of a fraudulent scheme to manipulate the market and make wrongful gains.
  All appeals partly allowed to the stated extent. · Three-year restraint and prohibition from accessing or associating with the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SAT matter SATV-23D468E708313876DE1BCBEB
  Applicant granted time by consent · Matter listed on 19 August 2024
  Appeal: Review Application No. 02 of 2024 in Appeal No. 111 of 2023; on 1 August 2024, time was sought and the matter was listed for 19 August 2024
• SAT matter SATV-26873B527A36B0EDC224C45A
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in Appeals Nos. 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019 rejected on 21 February 2020.
• SAT matter SATV-32F955CFBC7BDAD74CB249D9
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in Appeals Nos. 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019 rejected on 21 February 2020; underlying order dated 27 September 2019 unchanged
• SAT matter SATV-2AD034ACF5D85E5B17881CA3
  Review Application No. 2 of 2024 dismissed as withdrawn · Interlocutory applications, if any, disposed of
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023 dismissed as withdrawn on 17 January 2025; review sought of SAT order dated 18 December 2023
• Alleged fraudulent scheme involving preferential allotment, market manipulation and an abnormal, huge rise in the prices of the relevant scrips, undertaken to make wrongful gains.
  Appeals partly allowed. · Restraint from accessing the securities market and dealing in securities came to an end on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SAT matter SATV-3274E2CB3F71DB2DF30A6F94
  Review Application No. 2 of 2024 was listed for further hearing on 11 October 2024 by consent.
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023; on 19 August 2024, the applicant sought time and the matter was adjourned by consent to 11 October 2024.
• Fraudulent scheme with common objective of wrongful gains by manipulating market via preferential allotment followed by abnormal huge rise in scrip prices
  Restraint from accessing securities market and buying-selling-dealing to end from 27.09.2019 · All appeals partly allowed without going into merits
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• Fraudulent scheme with common objective to make wrongful gains by manipulating market and undermining integrity via preferential allotment followed by abnormal huge rise in scrip price.
  Restraint from buying, selling, dealing in securities and association with market to end from 27.09.2019 · All appeals partly allowed without going into merits of manipulation charge
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-57F91992FA730F4490207FDD
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 requires no modification / correction
  Appeal: Misc. Applications Nos. 77-88 of 2020 in Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 - rejected on 21.02.2020
• Preferential allotment followed by abnormal huge price rise; fraudulent scheme with common objective to make wrongful gains by manipulating market and undermining integrity.
  Restraint from accessing/dealing in securities ends from 27.09.2019 · Interim debarment already undergone held sufficient; 3-year debarment not additionally enforced
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed/partly allowed on 27.09.2019
• Fraudulent and manipulative scheme involving preferential allotments, diversion of proceeds from disclosed objects, and artificial price manipulation of First Financial Services Ltd.'s scrip.
  Appeal No. 111 of 2023 dismissed · AO's penalty of Rs. 5 lakh upheld
  Appeal: Appeal No. 111 of 2023 decided and dismissed by SAT on 18 December 2023
• SAT matter SATV-8AD5EBB45FC97457406E5FA0
  Misc. Applications No. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 requires no modification / correction
• SAT matter SATV-944369AE426B7C953E12A178
  List matter for admission and final disposal on November 9, 2023 · Appellant to deposit Rs. 1 lakh within three weeks; if deposited balance not to be recovered during pendency
  Appeal: Appeal No. 111 of 2023 pending; stay application disposed of with conditional stay; listed for admission and final disposal on 9 November 2023
• SAT matter SATV-980117ED572965EB6FA9B152
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected; SAT order dated September 27, 2019 maintained
• Preferential allotment followed by abnormal and huge rise in scrip price; fraudulent scheme with common objective of making wrongful gains by manipulating market and undermining integrity.
  Appeals partly allowed without going into merits · Restraint from buying, selling, dealing in securities and association with market to come to an end from 27.09.2019
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-CEAC05398A958FFFF5C15D14
  Misc. Applications No. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 maintained with no modification / correction
  Appeal: Misc. Application Nos. 77-88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed by rejection on 21.02.2020
• SAT matter SATV-CFAACB2EE2F4754F5C3FC821
  Delay in filing appeal condoned; Misc. Application allowed · Respondent to file reply within three weeks
  Appeal: Appeal No. 111 of 2023 with Misc. Application No. 1777 of 2022 for delay condonation - delay condoned on 25.01.2023; pending, next listed 29.03.2023
• SAT matter SATV-EE3FA4BBEFB09617EAE86778
  List matter on July 26, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Appeal No. 111 of 2023 pending before SAT; procedural order dated 17.05.2023, next listed July 26, 2023
• SAT matter SATV-F5A7F9409A6477739A4E8937
  Miscellaneous Applications No. 77 to 88 of 2020 rejected; no manifest error found warranting modification/correction of SAT order dated September 27, 2019
• Fraudulent scheme with common objective of wrongful gains by manipulating market via preferential allotment followed by abnormal huge rise in price of scrips.
  Appeals partly allowed without going into merits · 3-year market restraint from WTM order held already undergone via interim debarment
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-560401F9A2F37F1D4019FACE
  Appeal adjourned on the appellant's request · Matter listed for 17 May 2023
  Appeal: Appeal No. 111 of 2023; order dated 29 March 2023 adjourned the matter and listed it for 17 May 2023
• SAT matter SATV-4EE9A3F1C6F0942467D3C37F
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected. · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019.
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in listed appeals were rejected on 21 February 2020; underlying appeal numbers include 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019.
• SAT matter SATV-5CCDCFEC26509C46E17581BE
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected. · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019.
  Appeal: Miscellaneous Applications Nos. 77 to 88 of 2020 in Appeals Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 rejected on 21 February 2020.
• SAT matter SATV-801F8D60851B9D87F0AF187C
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected · No manifest error requiring modification / correction in order dated September 27, 2019
• Preferential allotment followed by abnormal huge rise in scrip price; fraudulent scheme with common objective of wrongful gains by manipulating market and undermining integrity.
  Restraint on appellants from accessing or dealing in securities to end from 27.09.2019 · All appeals partly allowed without going into merits as 3-year debarment already undergone
  Appeal: Appeal Nos 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 partly allowed and disposed on 27.09.2019
• SAT matter SATV-8DDA572AD1B1421719663ECB
  Miscellaneous Applications rejected; no modification/correction in SAT order dated September 27, 2019
  Appeal: Misc. Applications Nos. 77 to 88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 rejected on 21.02.2020
• SAT matter SATV-D2AA3B368278F46EC765E3FB
  Matter adjourned by consent and to be called on 18.12.2024
  Appeal: Review Application No. 2 of 2024 in Appeal No. 111 of 2023 pending; adjourned to 18.12.2024 vide order dated 13.12.2024
• SAT matter SATV-CF9335F4736688625FA4091F
  Misc. Applications Nos. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 maintained - no manifest error found
  Appeal: Misc. Applications Nos. 77-88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 - rejected by SAT on 21.02.2020
• SAT matter SATV-E99B65182C81D7B06F3E11D0
  Adjourned on request of respondent counsel · Listed on September 14, 2023
  Appeal: Appeal No. 111 of 2023 pending before SAT; adjourned to September 14, 2023
• Fraudulent scheme with common objective of wrongful gains by market manipulation and undermining integrity via preferential allotment followed by abnormal huge rise in scrip price.
  Restraint from buying, selling, dealing in securities and association with securities market to end from 27.09.2019 · All appeals partly allowed to that extent without going into merits
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 partly allowed and disposed on 27.09.2019