Rajesh Pravinkumar Bhanushali

SAT-appeal

• Alleged participation with connected entities in the Pabari-Parikh group and trading in shares of Gemstone Investment Limited in violation of the PFUTP Regulations.
  Impugned adjudication order dated 28 November 2014 set aside qua Devendra Suresh Gupta. · Matter restored to SEBI's Adjudicating Officer for fresh decision on merits and in accordance with law.
  Appeal: Appeal No. 117 of 2015 and Appeal No. 267 of 2015 disposed of on 18 March 2016; Misc. Application No. 184 of 2015 allowed by condoning 110 days' delay.
• Alleged violation of the PFUTP Regulations by trading in shares of Gemstone Investment Limited as part of the connected Pabari-Parikh group.
  Impugned adjudication order dated 28 November 2014 set aside qua Devendra Suresh Gupta. · Matter restored to the SEBI Adjudicating Officer for fresh decision on merits and in accordance with law.
  Appeal: Appeal Nos. 117 and 267 of 2015 disposed of by SAT on 18 March 2016; both matters remanded to the SEBI Adjudicating Officer.
• SAT matter SATV-2A4B238D1AB6406FD819E1F7
  Ex-parte SEBI order dated 4 January 2016 quashed and set aside qua the appellant · Matter restored to SEBI WTM for fresh decision on merits and in accordance with law
  Appeal: Appeal No. 283 of 2016 disposed of on 12 June 2017; Misc. Application No. 228 of 2016 for condonation of 182 days' delay allowed
• Appellants as part of 31-entity Pabari-Parikh group allegedly connected and traded in Gemstone Investment Limited shares in violation of PFUTP Regulations.
  Impugned AO order dated 28/11/2014 quashed and set aside qua both appellants · Matters remanded to AO of SEBI for fresh order on merits in accordance with law
  Appeal: Appeal No.117 of 2015 and Appeal No.267 of 2015 against AO order dated 28/11/2014 disposed on 18/03/2016 by remand for fresh decision
• SAT matter SATV-6AD91A79B78B76F5A15452F9
  36 days delay condoned; Misc. Application No. 183 of 2015 disposed with no costs · WTM order dated 10.02.2015 quashed and set aside qua the appellant
  Appeal: Appeal No. 266 of 2015 with Misc. Application No. 183 of 2015 decided/disposed on 16.06.2016 - delay condoned, impugned order set aside qua appellant and remanded