Rishikumar Rajanarayan Bagla (HUF)

SAT-appeal

• Alleged concerted scheme of preferential allotment, artificial price pumping and managed exit to generate fictitious Long Term Capital Gains and convert unaccounted income into tax-exempt accounted income.
  Restraining appellants and six entities from accessing securities market for 5 years · Freezing shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 vs WTM order 18.11.2019; reserved 05.05.2021, decided 08.06.2021; delay condoned
• Alleged concerted pump-and-dump in Pine Animation Ltd to provide exit to preferential allottees and generate fictitious Long Term Capital Gains to convert unaccounted income tax-free.
  Restrain appellants and six entities from accessing securities market for 5 years · Freeze shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 against WTM order dated 18.11.2019; reserved 05.05.2021, decided 08.06.2021
• Alleged fictitious Long Term Capital Gains scheme in Pine Animation Ltd via preferential allotments, artificial price pump and exit providers to convert unaccounted income to tax-exempt income.
  WTM restraint on appellants and six entities from accessing securities market for 5 years · Freezing of shares and mutual fund units in demat accounts for same 5-year period
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020; Order reserved 05.05.2021, Date of Decision 08.06.2021; delay condoned
• Alleged pump-and-dump / fictitious LTCG scheme in Pine Animation Ltd via preferential allotments, artificial price pump and exit to allottees/promoter-related entities to convert black money into tax-exempt gains.
  Restraining appellants and six entities from accessing securities market for 5 years · Freezing shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 vs WTM order 18 Nov 2019; reserved 05.05.2021, decided 08.06.2021; delay condoned via Misc Apps 263-265,267/2020
• Alleged pump-and-dump scheme in Pine Animation Ltd to provide exit to preferential allottees and generate fictitious Long Term Capital Gains for tax-free conversion of unaccounted income.
  WTM order dated November 18, 2019 restraining appellants and six entities from accessing securities market for five years · Freezing of shares and mutual fund units lying in their demat accounts for five years
  Appeal: Group Appeals Nos.102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 against WTM order dated 18.11.2019; Order Reserved 05.05.2021, Date of Decision 08.06.2021
• Alleged concerted scheme of preferential allotment, price pump and exit to generate fictitious LTCG and convert unaccounted income into tax-free gains.
  Restraint from accessing securities market for 5 years · Freezing of shares and mutual fund units in demat accounts for 5 years
  Appeal: Group Appeals 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 vs WTM order 18 Nov 2019; reserved 05.05.2021, decided 08.06.2021; delay condoned
• Alleged concerted scheme in Pine Animation Ltd to allot preferential shares, artificially pump price and provide exit to generate fictitious Long Term Capital Gains for tax-free conversion of unaccounted income.
  WTM restrained appellants and six entities from accessing securities market for 5 years · WTM froze shares and mutual fund units in demat accounts for same 5-year period
• Alleged scheme in Pine Animation Ltd to allot preferential shares, artificially pump price and provide exit to generate fictitious tax-free Long Term Capital Gains and launder black money.
  WTM restrained appellants and six entities from accessing securities market for 5 years · WTM froze shares and mutual fund units in their demat accounts for 5 years
  Appeal: Group Appeals Nos. 102,44,85,178,179,180,181,235,246,247,571,572,573,575,581 of 2020 reserved 05.05.2021 decided 08.06.2021