Prem Mohanlal Parikh

59 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Each appellant may pay the penalty imposed under the respective impugned order within three months from 15 February 2016.
Appellants granted three months from 14 March 2016 to pay penalties imposed under the impugned orders.
If unpaid within the stipulated period, SEBI may recover the penalties with interest as permissible in law.
Each appellant may pay the penalty imposed by the respective impugned order within three months from 15 February 2016.
Each appellant permitted to pay the penalty imposed by the respective impugned SEBI order within three months from 15 February 2016.

SAT-appeal

SAT matter SATV-0095236CCD953B87929DBAC6
All connected appeals were allowed to be withdrawn. · Each appellant may pay the penalty imposed under the respective impugned order within three months from 15 February 2016.
Appeal: Connected appeals, including Appeal Nos. 444-447 and 452 of 2014 and numerous 2015 appeals, withdrawn and disposed of on 15 February 2016.
SAT matter SATV-04476FFFD918EDA834C548A0
Appeal Nos. 338, 339, 340, 341, 349 and 354 of 2015 permitted to be withdrawn. · Appellants granted three months from 14 March 2016 to pay penalties imposed under the impugned orders.
Appeal: Appeal Nos. 338, 339, 340, 341, 349 and 354 of 2015 withdrawn and disposed of on 14 March 2016; Misc. Applications Nos. 241 and 244 of 2015 also disposed of after condonation of delay.
SAT matter SATV-0474F841E712D26993ABDAF3
All listed appeals were permitted to be withdrawn. · Each appellant may pay the penalty imposed by the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444 to 447 and 452 of 2014, and Appeal Nos. 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
Facilitating debarred entities to trade indirectly through appellants, conducting reversal trades and repeated self-trades that created artificial volume and a false or misleading appearance of trading.
Appeals were decided together against the common AO order dated 5 November 2019. · The Tribunal upheld the findings that noticees 7 to 16 traded indirectly through noticees 1 to 6 in violation of the WTM restraint order and PFUTP Regulations.
Appeal: Appeal Nos. 06, 23, 38, 39, 40, 41, 42, 126 and 127 of 2020 and Appeal No. 586 of 2019; decision dated 24 June 2021. Appeals challenged the common AO order dated 5 November 2019.
SAT matter SATV-0622F58BFC149331633392F8
All listed appeals withdrawn and disposed of. · Each appellant permitted to pay the penalty imposed by the respective impugned SEBI order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014, and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 withdrawn and disposed of on 15 February 2016.
Failure to appear and furnish information/documents in response to investigation summons concerning off-market share transfers; alleged violations of SEBI Act section 11C and SCRA sections 13 and 18 read with section 2(i).
Appeals Nos. 122, 123, 127, 128 and 129 of 2012 were disposed of by a common order.
Appeal: Appeal No. 122 of 2012 and connected Appeals Nos. 123, 127, 128 and 129 of 2012 disposed of by SAT on 8 November 2012.
Indirect trading by debarred entities through noticees 1–6 in violation of a WTM restraint order; reversal and self-trades allegedly created artificial volume and a false or misleading market appearance.
Appeals against the common AO order dated 5 November 2019 were decided together; operative disposal is not included in the supplied text.
Appeal: Appeal Nos. 06, 23, 38, 39, 40, 41, 42, 126 and 127 of 2020 and Appeal No. 586 of 2019; decision dated 24 June 2021. Final disposal directions are absent from supplied text.
SAT matter SATV-243476A128D0592E1A936C91
Appeals were permitted to be withdrawn. · Appellants were granted three months to pay the penalties imposed under the respective impugned orders.
Appeal: Appeal Nos. 338, 339, 340, 341, 349 and 354 of 2015 were withdrawn and disposed of on 14 March 2016; Misc. Applications Nos. 241 and 244 of 2015 were also disposed of after condoning delays of 66 and 64 days.
SAT matter SATV-1ADAB00F9A5C8F06223120AD
All listed appeals were permitted to be withdrawn. · Each appellant was permitted to pay the penalty imposed by the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444 to 447 and 452 of 2014, and 5, 6, 15, 17, 18, 46-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
SAT matter SATV-1B09B8D5E961F1017C185523
All listed appeals were permitted to be withdrawn. · Each appellant was permitted to pay the penalty imposed under the respective impugned SEBI order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014, and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
SAT matter SATV-318E46E29D67E2268A180FD4
All listed appeals withdrawn and disposed of. · Each appellant permitted to pay the penalty imposed under the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014; 5-6, 15, 17-18, 46-48, 50-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 withdrawn and disposed of on 15 February 2016
SAT matter SATV-2F2D93FA4FBBC89FFAC28564
All listed appeals were permitted to be withdrawn. · Each appellant was permitted to pay the penalty imposed under the respective impugned SEBI order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014; 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 withdrawn and disposed of on 15 February 2016.
SAT matter SATV-33351706393F710B38A335F7
All listed appeals were allowed to be withdrawn. · Each appellant was permitted to pay the penalty imposed in the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444 to 447 and 452 of 2014, and 5, 6, 15, 17, 18, 46-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
SAT matter SATV-2C367C53FB69817CDCB057D1
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-346AC5A27E0F7FC1249CC9D6
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-38CE1259F054911F63B1CC19
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447 and 452 of 2014 and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311, 353 of 2015 withdrawn and disposed of on 15.02.2016
SAT matter SATV-3FC5C784298733BB6408CC72
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 disposed on 15.02.2016 as withdrawn with 3 months to pay penalty
SAT matter SATV-505234D8C46482211D28F818
All connected appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within 3 months
Appeal: Appeal Nos. 444-447, 452 of 2014; 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 disposed as withdrawn on 15.02.2016
SAT matter SATV-42F955A05275C84DD387AC6F
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty imposed under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-52C125AC95BA1C9A2078BC6F
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-5D0B791D68C59CC8469A82F4
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty imposed under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311, 353 of 2015 disposed on 15.02.2016 as withdrawn with 3 months to pay penalty
SAT matter SATV-6CF43D19088417FAC22A0E0E
All appeals allowed to be withdrawn · Each appellant permitted to pay penalty imposed under impugned order within three months
Appeal: Appeal Nos. 444-447,452 of 2014 and connected appeals of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-6B6C6C412C53FC3CDD06C534
Appellants permitted to withdraw Appeals 338, 339, 340, 341, 349 and 354 of 2015 · Three months time granted to pay penalty imposed under respective impugned orders
Appeal: Appeal Nos. 338, 339, 340, 341, 349 and 354 of 2015 withdrawn and disposed on 14/03/2016 with 3 months to pay penalty
SAT matter SATV-6FF54A373551D35E749920FC
Permitted Appellants to withdraw Appeal Nos.338, 339, 340, 341, 349 & 354 of 2015 · Granted three months to pay penalty imposed in respective impugned orders
Appeal: Appeal Nos.338, 339, 340, 341, 349 & 354 of 2015 withdrawn and disposed on 14/03/2016 with 3 months time to pay penalty
SAT matter SATV-8279A9475D65B2BD35A723F2
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: 42 connected Appeals Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 disposed as withdrawn on 15.02.2016
SAT matter SATV-77B3BFD263D468E86E4B5E58
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: 39 SAT appeals (444-447,452 of 2014 and 30 numbers of 2015) withdrawn and disposed on 15.02.2016
SAT matter SATV-81EB420BCBCFB0334DFF9FD4
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-8C63952B1868CC422A08CAD5
All appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311, 353 of 2015 disposed as withdrawn on 15.02.2016
SAT matter SATV-7FCBCC32DBEF86D59B1DA0BB
All appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-8EB0FEB54CB24CF9501CD5CB
All appeals allowed to be withdrawn on appellants request · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and Appeal Nos. 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 disposed as withdrawn on 15.02.2016
SAT matter SATV-AC89F0EC255754E49ACC4CF1
Appellants permitted to withdraw Appeals Nos. 338,339,340,341,349 and 354 of 2015 · Three months time granted to pay penalty imposed under impugned orders
Appeal: Appeal Nos. 338,339,340,341,349 and 354 of 2015 withdrawn and disposed of by SAT order dated 14/03/2016
Reversal trades and repeated self-trades in Polytex India creating artificial volume, and Noticees 1-6 facilitating debarred Noticees 7-16 to trade indirectly in violation of WTM restraint.
AO imposed penalties under Sections 15HA and 15HB; SAT decided all appeals together vide decision dated 24.06.2021
Appeal: Appeal Nos. 06,23,38,39,40,41,42,126,127 of 2020 and 586 of 2019 against AO order 05.11.2019; reserved 14.06.2021, decided 24.06.2021
Self trades and reversal trades creating artificial volume in Polytex India scrip and facilitating debarred Noticees 7-16 to trade indirectly via Noticees 1-6 in violation of WTM debarment.
AO imposed penalties under Section 15HA and 15HB; all SAT appeals heard together against common order
SAT matter SATV-BCDD9685CBB3A93C9DBA57E2
All listed appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-B45C238B480E18627CE106CE
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
Self trades and reversal trades creating artificial volume in Polytex India and facilitating debarred entities (Noticees 7-16) to trade indirectly via Noticees 1-6 in violation of WTM debarment.
AO imposed penalties under Section 15HA and 15HB on Noticees 1-16 · SAT rejected delay, loan and Regulation 4(2)(d) contentions, violations held established
Appeal: Appeal No. 06 of 2020 with Nos. 23,38,39,40,41,42,126,127 of 2020 and 586 of 2019 against AO order dated 05.11.2019, reserved 14.06.2021, decided 24.06.2021
Facilitating debarred entities to trade indirectly through appellants in violation of a WTM restraint order; executing reversal and self-trades that created artificial volume and a false or misleading appearance of trading.
Appeals were heard together against the common AO order dated 5 November 2019. · The Tribunal upheld the finding that debarred entities traded indirectly through noticees 1 to 6.
Appeal: Appeal Nos. 06, 23, 38, 39, 40, 41 and 42 of 2020, Appeal Nos. 126 and 127 of 2020, and Appeal No. 586 of 2019; decision dated 24 June 2021 against common AO order dated 5 November 2019.
SAT matter SATV-D6FE42A480BA919F97C97AC4
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-EBA04E46BDDC9377F2A63AE5
Appeals Nos. 338,339,340,341,349 and 354 of 2015 permitted to be withdrawn · Three months time granted to pay penalty under impugned orders
Appeal: Appeal Nos. 338, 339, 340, 341, 349 and 354 of 2015 disposed of as withdrawn on 14/03/2016
SAT matter SATV-DDAD6ADCF9CC8F7C2FAB66F0
All connected appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-DFE7CA739A69E63F653AA539
All appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 disposed on 15.02.2016 as withdrawn
SAT matter SATV-EE3D7C9519D1403E7ED21F2E
All aforesaid appeals allowed to be withdrawn as prayed by appellants · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
Reversal and self trades in Polytex India creating artificial volume and misleading appearance, and facilitating debarred noticees 7-16 to trade indirectly violating WTM debarment.
AO imposed penalties under Sections 15HA and 15HB for PFUTP and WTM order violations · SAT rejected delay, loan and Reg 4(2)(d) drop pleas; upheld fund-flow and violation findings, all appeals decided together
Appeal: Appeals 06,23,38,39,40,41,42,126,127 of 2020 and 586 of 2019 against AO common order dated 05.11.2019; reserved 14.06.2021, decided 24.06.2021
SAT matter SATV-EB0C7816562E7009A994E33E
All listed appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447,452 of 2014 and connected 2015 appeals withdrawn and disposed of on 15.02.2016
SAT matter SATV-47C0FEAB2137A727090A3889
All listed appeals were permitted to be withdrawn. · Each appellant was permitted to pay the penalty imposed by the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014 and Appeal Nos. 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
Self-trades and reversal trades in Polytex India creating artificial volume and facilitating debarred entities 7-16 to trade indirectly via 1-6 violating WTM debarment.
AO penalties under Sections 15HA and 15HB discussed; SAT operative disposal truncated in text
Appeal: Appeal Nos 06,23,38,39,40,41,42,126,127 of 2020 and 586 of 2019 decided together on 24.06.2021 (reserved 14.06.2021)
SAT matter SATV-4FBF4A89DD5974B14052D431
All listed appeals were permitted to be withdrawn. · Each appellant was permitted to pay the penalty imposed by the respective impugned order within three months from 15 February 2016.
Appeal: Appeal Nos. 444-447 and 452 of 2014, and Appeal Nos. 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106-107, 110, 260, 262-263, 271, 275-276, 308-309, 311 and 353 of 2015 were withdrawn and disposed of on 15 February 2016.
SAT matter SATV-5435901384EF5B65F6506424
Appeal disposed of by adopting the same order as in Appeal No. 122 of 2012
Appeal: Appeal No. 128 of 2012 decided on 8 November 2012; order states it is the same as the order in Appeal No. 122 of 2012
SAT matter SATV-7805837C9EC9F2EA29C826F2
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-7F675D648FD2AFAA8733D158
All connected appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 40 connected appeals of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-A03D0768A823CCDEA1595CFE
All appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-B5936337524A2F8F63FF1595
All appeals allowed to be withdrawn on appellants' request as SEBI had no objection · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: 39 SAT appeals (444-447, 452 of 2014 and 33 appeals of 2015) withdrawn and disposed of on 15.02.2016 with no order as to costs
SAT matter SATV-C07045C678D1BD770A9973C3
All appeals allowed to be withdrawn on appellants' request · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447,452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-C0AE20520ED3D4DA799E0734
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
SAT matter SATV-B8C70470A7D0604C1648CB5B
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447,452 of 2014 and 5,6,15,17,18,46-48,50-53,66,82-84,99-103,106,107,110,260,262,263,271,275,276,308,309,311,353 of 2015 withdrawn and disposed on 15.02.2016
Self-trades and reversal trades creating artificial volume in Polytex India scrip and facilitating debarred entities (Noticees 7-16) to trade indirectly via Noticees 1-6 in violation of WTM debarment.
AO imposed penalties under Sections 15HA and 15HB; all appeals decided together by common judgment - SAT upheld violations per paras 5-10, final disposal truncated
Appeal: Appeal Nos. 06, 23, 38, 39, 40, 41, 42, 126, 127 of 2020 and 586 of 2019 against AO common order dated 05.11.2019, reserved 14.06.2021, decided 24.06.2021 together
Indirectly trading despite debarment in KGN Enterprises, Gemstone Investments and Polytex India during April-Nov 2012 and manipulating their price.
Appeal No. 521 of 2021 dismissed; AO penalty of Rs 10 lakh on each appellant upheld · No order as to costs
Appeal: Appeal No. 521 of 2021 dismissed on 07.01.2022
Self trades and reversal trades creating artificial volume and indirect trading by debarred entities through front entities in violation of WTM debarment.
AO penalties under Sections 15HA and 15HB sustained in reasoning; all connected appeals decided together
Appeal: Appeal Nos. 06, 23, 38-42, 126, 127 of 2020 and 586 of 2019 decided on 24.06.2021, reserved on 14.06.2021
SAT matter SATV-F5DFC07D279D038C6D9F1BBC
All aforesaid appeals allowed to be withdrawn · Each appellant permitted to pay penalty under impugned order within three months from 15.02.2016
Appeal: Appeal Nos. 444-447, 452 of 2014 and 5, 6, 15, 17, 18, 46-48, 50-53, 66, 82-84, 99-103, 106, 107, 110, 260, 262, 263, 271, 275, 276, 308, 309, 311, 353 of 2015 disposed on 15.02.2016 as withdrawn

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Source: SecMarx — Prem Mohanlal Parikh. 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.