PVP Global Ventures Private Limited

SAT-appeal

• Violation of insider-trading provisions through alleged conduct contravening Sections 12A(d) and (e) of the SEBI Act and Regulations 3(i), 3(ii) read with Regulation 4 of the 1992 Insider Trading Regulations.
  Appeals Nos. 450, 451 and 452 of 2018 dismissed as devoid of merit. · Recovery certificate and bank-account attachment proceedings under Section 28A upheld.
  Appeal: Appeal Nos. 450, 451 and 452 of 2018 decided together on 12 April 2019; earlier SLP dismissed by the Supreme Court on 14 September 2018.
• Violation of Section 12A(d) and (e) of the SEBI Act and Regulations 3(i), 3(ii) read with Regulation 4 of the SEBI Insider Trading Regulations, 1992.
  Appeals challenging the Recovery Officer's bank-account attachment notice and recovery certificate were dismissed as devoid of merit. · Recovery proceedings for the penalty and interest under Section 28A of the SEBI Act were upheld.
  Appeal: Appeal Nos. 450, 451 and 452 of 2018 were decided together on 12 April 2019; prior SLP was dismissed by the Supreme Court on 14 September 2018.
• SEBI found violations of Section 12A(d) and (e) of the SEBI Act and Regulations 3(i), 3(ii) read with Regulation 4 of the 1992 Insider Trading Regulations.
  Appeals 450, 451 and 452 of 2018 dismissed as devoid of merit. · Recovery certificate and bank-account attachment proceedings were not quashed.
  Appeal: Appeal No. 451 of 2018, along with Appeals 450 and 452 of 2018, dismissed by SAT on 12 April 2019; earlier SLP dismissed by the Supreme Court on 14 September 2018.