Nrupesh C. Shah

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced from Rs 5 lacs to Rs 2.5 lacs

SAT-appeal

Synchronized reversal trades in Adani Exports Ltd creating artificial volumes without change in beneficial ownership, constituting fraudulent and unfair trade practices.
Penalty reduced from Rs 5 lacs to Rs 2.5 lacs · Appeal disposed of with no order as to costs
Appeal: Appeal No. 207 of 2011 decided on 23.1.2012 - penalty reduced to Rs 2.5 lacs, appeal disposed
Circular trades executed with Gautam N. Jhaveri meant to defeat price order matching mechanism of exchange
Dismissal of Appeal No.130 of 2006 upholding adjudicating officer's guilty finding · No costs awarded
Appeal: Appeal No.130 of 2006 dismissed on 21.1.2008 with no costs

Analyse these matters in Ontology · Plans

Source: SecMarx — Nrupesh C. Shah. 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.