Rajeev Kumar Ram Prasad Gupta

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO's penalties upheld.
AO penalties upheld; no order as to costs
Restraint reduced from 4 years to 1 year for Giriraj Kumar Gupta HUF in Appeal No. 420 of 2019
Restraint reduced from 4 years to 1 year for Giriraj Kumar Jagdish Prasad Gupta in Appeal No. 422 of 2019
Restraint reduced from 4 years to 2 years for Rajeev Kumar Ram Prasad Gupta in Appeal No. 421 of 2019

SAT-appeal

Price manipulation and creation of a misleading appearance of trading in Ram Minerals and Chemicals Ltd. through connected entities acting in concert and contributing to positive LTP.
Appeals Nos. 424, 425, 426, 427, 517 and 518 of 2019 dismissed. · Miscellaneous Applications Nos. 516 to 519 of 2019 disposed of.
Appeal: Appeal Nos. 424, 425, 426, 427, 517 and 518 of 2019 dismissed by SAT on 11 August 2021; connected Appeal No. 420 of 2019 and other appeals were decided on 25 February 2020, upholding the WTM findings.
Price manipulation and creation of a misleading appearance of trading in Ram Minerals and Chemicals Ltd. through connected, concerted trading and positive LTP contributions.
Appeals Nos. 424, 425, 426, 427, 517 and 518 of 2019 dismissed · Miscellaneous Applications Nos. 516 to 519 of 2019 disposed of
Appeal: Appeals Nos. 424, 425, 426, 427, 517 and 518 of 2019 dismissed by SAT on 11 August 2021; Miscellaneous Applications Nos. 516 to 519 of 2019 disposed of.
Alleged manipulation of Ram Minerals and Chemicals Ltd scrip from Rs 2.2 to Rs 219.55 via connected-group trading and LTP contribution for Long Term Capital Gain tax misuse.
Warning sufficient for Neetu Gupta in Appeal No. 423 of 2019, 4-year restraint set aside · Restraint reduced from 4 years to 1 year for Giriraj Kumar Gupta HUF in Appeal No. 420 of 2019
Appeal: Appeal Nos. 420, 421, 422, 423 of 2019 disposed on 25.02.2020; order reserved on 07.02.2020
Alleged fraudulent manipulation of Ram Minerals and Chemicals Ltd scrip causing abnormal price rise from Rs 2.2 to Rs 219.55 via connected group trades contributing to positive LTP.
Warning sufficient for Neetu Gupta in Appeal No. 423 of 2019, 4-year restraint set aside · Restraint reduced from 4 years to 1 year in Appeal No. 420 of 2019 and Appeal No. 422 of 2019
Appeal: Appeal Nos. 420, 421, 422, 423 of 2019 disposed on 25.02.2020 (reserved 07.02.2020) with modification of 4-year debarment; Misc Applications 521,522,524/2019, 88/2020 and 514/2019 disposed as infructuous
Abnormal price rise and manipulation of Ram Minerals and Chemicals Ltd scrip from Rs 2.2 to Rs 219.55 via LTP-contributing trades by connected group
Warning sufficient for Neetu Gupta in Appeal No. 423 of 2019, 4-year restraint set aside · Restraint reduced from 4 years to 1 year for Appeal No. 420 and 422 of 2019
Appeal: Appeal Nos. 420, 421, 422, 423 of 2019 disposed of on 25.02.2020 (reserved 07.02.2020) with modified restraints
Manipulation of Ram Minerals and Chemicals Ltd scrip price from Rs 2.2 to Rs 219.55 via group trading and LTP contribution, allegedly misusing stock exchange for Long Term Capital Gain tax benefit.
Neetu Gupta (423/2019): 4-year restraint set aside, warning sufficient · Giriraj Kumar Gupta HUF (420/2019): restraint reduced from 4 years to 1 year
Appeal: Appeal Nos. 420,421,422,423 of 2019 disposed on 25.02.2020 (reserved 07.02.2020) with modification of restraint

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Source: SecMarx — Rajeev Kumar Ram Prasad Gupta. 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.