Pintail Reality Developers Pvt. Ltd.

SAT-appeal

• Executing synchronized reversal trades in illiquid BSE stock options with the same counterparties on the same day, creating artificial volumes and a false or misleading appearance of trading.
  Appeals challenged Adjudicating Officer penalty orders for PFUTP violations.
  Appeal: Appeal Nos. 212, 215, 229 and 379 of 2020; decision dated 14 September 2020. Outcome in the provided text is incomplete.
• SAT matter SATV-2DD54D74A6A2AB1D16DAE5F8
  Order reserved in the connected appeals · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 215 of 2020, 229 of 2020 and 379 of 2019 were heard; order reserved on 04 September 2020.
• Alleged violations in illiquid securities matters resulting in penalty (specific charge not detailed in this procedural order)
  Connect with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI · List matters on August 26, 2020
  Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214, 225 of 2020 pending; adjourned to August 26, 2020
• Alleged violations relating to trading in illiquid securities leading to SEBI penalty orders; specifics not detailed in this procedural order
  Connected with Appeal No. 25 of 2019 (R S Ispat Ltd vs SEBI) · Adjourned; listed on August 26, 2020 for further hearing
  Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 adjourned; listed on 26 August 2020 for settlement affidavit/merits hearing
• SAT matter SATV-A613668A9C3008597D7BC3F8
  List Appeal Nos. 215 of 2020, 220 of 2020, 229 of 2020 and 379 of 2019 for hearing on September 4, 2020 at 1 p.m. · Parties to seek instructions from Registrar 48 hrs before fixed date on physical hearing vs video conference
  Appeal: Appeal Nos. 215 of 2020, 220 of 2020, 229 of 2020 and 379 of 2019 pending; adjourned to 04.09.2020
• SAT matter SATV-A57EE85CA31E10246FEBCB0D
  Matters put up for hearing on September 4, 2020 at 1 p.m. · Parties to seek Registrar instructions 48 hrs before on physical vs video conference hearing
  Appeal: Appeal Nos. 215 of 2020, 220 of 2020, 229 of 2020 and 379 of 2019 pending; adjourned to September 4, 2020
• Execution of non-genuine reversal trades in illiquid BSE Stock Options creating false appearance and artificial volumes, violating PFUTP Regs 3-4.
  AO imposed Rs 6 lakhs on Global, Rs 5 lakhs on Pintail, Rs 25 lakhs on Blue Bull, Rs 8 lakhs on Ashok · All four appeals heard together and decided by common SAT order on common issue
  Appeal: Appeal Nos.212, 215, 229 and 379 of 2020 reserved on 1.9.2020/4.9.2020, decided 14.9.2020 by common SAT order
• SAT matter SATV-D369CD539103ADDB61FDAB0E
  Order reserved after hearing through video conference · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 215 of 2020, 229 of 2020 and 379 of 2019 heard on 04.09.2020; order reserved, not disposed
• SAT matter SATV-577DB1360D8D3009B080A98C
  List all four appeals for hearing on 4 September 2020 at 1:00 p.m. · Parties to obtain Registrar's instructions 48 hours before hearing on physical or video-conference mode.
  Appeal: Appeal Nos. 215 of 2020, 220 of 2020, 229 of 2020 and 379 of 2019 were listed for hearing on 4 September 2020; not disposed of in this order.
• Execution of non-genuine reversal trades with same entities on same day in illiquid Stock Options segment of BSE creating false appearance and artificial volumes, violating PFUTP Regulations 3 and 4.
  AO had imposed Rs 6 lakhs penalty on Global Earth Properties and Developers Pvt Ltd · AO had imposed Rs 5 lakhs penalty on Pintail Reality Developers Pvt Ltd
  Appeal: Appeal Nos 212, 215, 229 and 379 of 2020 before SAT; reserved on 1.9.2020/4.9.2020, Date of Decision 14.9.2020
• SAT matter SATV-47C036B70103BCEEF9D548FE
  Order reserved after hearing counsel for appellants and respondent · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 215 of 2020, 229 of 2020 and 379 of 2019 heard on 04.09.2020; order reserved, not finally disposed
• Illiquid securities matters involving penalty / violation of law proposed to be covered by SEBI settlement scheme (specific charge not detailed)
  Connect these appeals with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI · List all matters on August 26, 2020 for further hearing
  Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to 26.08.2020 for affidavit/hearing; connected with Appeal No. 25 of 2019
• Execution of non-genuine reversal trades in illiquid BSE Stock Options creating artificial volumes and false/misleading appearance of trading.
  AO had imposed Rs 6 lakhs penalty on Global (impugned before SAT) · AO had imposed Rs 5 lakhs penalty on Pintail (impugned before SAT)
  Appeal: Appeal Nos. 212, 215, 229 and 379 of 2020 before SAT, reserved 1.9.2020/4.9.2020, decided 14.9.2020
• Alleged violations in illiquid securities matters leading to penalties under impugned SEBI orders, now sought to be covered under settlement scheme.
  Connected with Appeal No. 25 of 2019 R S Ispat Limited Vs SEBI · Adjourned and listed on August 26, 2020 to enable instructions on settlement
  Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to August 26, 2020 and connected with Appeal No. 25 of 2019
• Alleged violations relating to trading in illiquid scrips/securities; specifics not stated in this procedural order.
  Connected with Appeal No. 25 of 2019 - R S Ispat Limited vs SEBI · Matters adjourned and listed on August 26, 2020
  Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to August 26, 2020; connected with Appeal No. 25 of 2019
• Alleged violations involving trading in illiquid securities leading to penalty (specific charges not detailed in order)
  Connected with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI and listed on August 26, 2020 · Adjourned to enable appellants to seek instructions on settlement scheme dated August 1, 2020