Pooja Jinesh Bhatt

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal No. 399 of 2021 (Sanjay Saha) partly allowed - violation affirmed but penalty reduced from Rs 5 lakh to Rs 2 lakh
Appeal No.399/2021 partly allowed; violation affirmed but penalty reduced from Rs.5 lakh to Rs.2 lakh
Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
AO penalty of Rs.10 lakh each, Rs.5 lakh for Jinesh Bhatt, upheld

SAT-appeal

Reversal trades in Synergy Bizcon without change in beneficial ownership creating misleading appearance of trading and inflating price manipulatively.
Appeal Nos. 169 of 2021, 170 of 2021 and 340 of 2021 dismissed with no order as to costs · Appeal No. 399 of 2021 (Sanjay Saha) partly allowed - violation affirmed but penalty reduced from Rs 5 lakh to Rs 2 lakh
Appeal: Appeal Nos. 169, 170, 340 of 2021 dismissed and Appeal No. 399 of 2021 partly allowed by SAT decision dated 09.11.2021 (hearing 29.10.2021)
Reversal trades amongst connected entities without change in beneficial ownership creating misleading appearance and manipulatively increasing price of Synergy Bizcon Limited.
Appeal Nos.169/2021, 170/2021 and 340/2021 dismissed with no order as to costs · Appeal No.399/2021 partly allowed; violation affirmed but penalty reduced from Rs.5 lakh to Rs.2 lakh
Appeal: Appeal Nos.169, 170, 340 of 2021 dismissed and Appeal No.399 of 2021 partly allowed by SAT order dated 09.11.2021 (heard 29.10.2021)
Group of 8 indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc Applications 239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeals 289, 310 and 340 of 2018 dismissed with no order as to costs, AO penalty confirmed
Appeal: Appeals 289, 310, 340 of 2018 disposed by SAT order dated 29.4.2021 (reserved 10.2.2021) - dismissed
Group synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd contributing ~47-55% market volume and positive LTP
Misc Applications 239 and 276 of 2018 allowed - delay in filing appeals condoned · Appeal Nos. 289, 310 and 340 of 2018 dismissed with no order as to costs - AO penalty upheld
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc Apps 239 and 276 of 2018 disposed on 29.04.2021 (reserved 10.02.2021) - dismissed
Group of 8 including 5 appellants allegedly indulged in synchronised trades, self trades, volume and price manipulation in Inanna Fashions and Trends Ltd.
Misc. Applications No.239 and 276 of 2018 allowed, delay in filing appeals condoned · Appeal Nos.289, 310 and 340 of 2018 dismissed with no order as to costs
Appeal: Appeal Nos.289, 310 and 340 of 2018 with Misc. Applications 239 and 276 of 2018 dismissed on 29.04.2021 (reserved 10.02.2021)
Reversal trades with no change in beneficial ownership creating misleading appearance of trading and manipulating price of Synergy Bizcon Ltd.
Appeal No.169/2021 (Jinesh Bhatt & Ors) dismissed, AO penalty affirmed · Appeal No.170/2021 (Vikhape & Ors) dismissed, Rs 8 lakh penalty on Vikhape affirmed
Appeal: Appeal Nos.169, 170, 340 and 399 of 2021 heard 29.10.2021 decided 09.11.2021; three dismissed, one partly allowed

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Source: SecMarx — Pooja Jinesh Bhatt. 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.