Pawankumar Parmeshwarlal

SAT-appeal

• Acting in concert with his wife and other family-member clients to conduct circular trading and create artificial volumes in Prabhu Steel Industries Ltd.
  Appeal No. 88 of 2007 dismissed · SEBI order suspending the appellant's certificate of registration for two months upheld
  Appeal: Appeal No. 88 of 2007 dismissed by SAT on 14 August 2007
• Alleged artificial trades in V.B. Desai Financial Services Ltd by fictitiously showing family members as clients for off-market purchases from Maxworth Finlease Pvt Ltd.
  Impugned SEBI order set aside · Case remanded to SEBI for fresh order
  Appeal: Appeal No. 15 of 2006 decided on 25.7.2007 - allowed by way of remand for fresh adjudication
• Alleged creation of artificial volumes via synchronised trades in Prudential Pharmaceuticals Ltd to aid Tropical and associates exit financial difficulties.
  Appeal allowed and impugned WTM order dated 10.4.2007 set aside with no order as to costs
  Appeal: Appeal No. 54 of 2007 allowed on 14.8.2007; impugned order dated 10.4.2007 set aside