Pratik R. Shah

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned adjudicating officer orders and penalties upheld

SAT-appeal

Alleged group-based synchronized and circular trading in BSEL Infrastructure Realty Ltd. and Maharashtra Seamless Ltd. creating artificial volumes and a false or misleading appearance of trading.
Appeals Nos. 203, 207 and 232 of 2009 dismissed · Impugned adjudicating officer orders and penalties upheld
Appeal: Appeal Nos. 203, 207 and 232 of 2009 dismissed by SAT on 23 March 2010; no further appeal mentioned
SAT matter SATV-3BD05DBDA23C5287003006C7
Appeal disposed of by adopting the same order as in Appeal No. 82 of 2008
Appeal: Appeal No. 83 of 2008 decided by SAT on 24 June 2009; order states it is the same as in Appeal No. 82 of 2008
Traded heavily in Cyberspace Ltd to create artificial volumes and manipulate price via circular rotation funded by promoter Arvind Johari.
Appeals No. 82 and 83 of 2008 dismissed · Grievance on freezing of wife Prafulla Ramesh C. Shah demat account to be decided by SEBI per law
Appeal: Appeal Nos. 82 and 83 of 2008 with Misc. Application No. 49 of 2008 dismissed on 24.06.2009

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Source: SecMarx — Pratik R. 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.