Runicha Merchant Pvt. Ltd.

9 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeals challenged the impugned order dated 6 March 2013 imposing penalties; remaining operative merits disposition is not included in the provided text.
Appeals challenged the common impugned order dated 6 March 2013 imposing penalties; operative final disposal portion is not included in the supplied text.
AO penalties under challenge: Rs 25 lakh on Scope Vyapar and Rs 3 lakh each on 20 others
Appeals challenging the penalties were dismissed.
Penalties imposed by SEBI's order dated 6 March 2013 were upheld.

SAT-appeal

Alleged creation of artificial volume and misleading appearance of trading in Rich Universe Networking Ltd. through connected-entity off-market transfers and reversal, circular, synchronized trades at progressively higher prices.
Miscellaneous Applications 123 to 128 of 2013 allowed and delay condoned. · Appeals challenged the impugned order dated 6 March 2013 imposing penalties; remaining operative merits disposition is not included in the provided text.
Appeal: Appeal Nos. 189-194, 94, 107 and 108 of 2013 heard on 24 January 2014; decision dated 31 January 2014. The provided extract does not state final disposal directions.
Manipulative and fraudulent trading in RUNL shares through connected entities, off-market transfers, reversal, circular and synchronized trades, creating artificial volume and misleading appearance and causing price rise.
Miscellaneous Applications Nos. 123 to 128 of 2013 for condonation of delay were allowed. · Appeals challenged the common impugned order dated 6 March 2013 imposing penalties; operative final disposal portion is not included in the supplied text.
Appeal: SAT Appeals Nos. 189-194, 94, 107 and 108 of 2013; hearing on 24 January 2014 and decision dated 31 January 2014. The supplied text does not include the final disposal directions.
Creating artificial volume and misleading appearance of trading and price rise in Rich Universe Networking Ltd. via off-market transfers followed by synchronized/circular/reversal trades at incrementally higher prices.
Misc. Applications 123 to 128 of 2013 for condonation of delay allowed
Appeal: Appeal Nos. 189-194, 94, 107, 108 of 2013 against adjudication order dated March 6, 2013; Appeals 189-194 filed Oct 28, 2013 after 45 days; delay condoned 31 Jan 2014
Manipulation of Rich Universe Networking Ltd. shares through connected entities, off-market transfers and reversal/circular/synchronized trades, creating artificial volume and a misleading appearance of trading and price rise.
Miscellaneous Applications Nos. 123 to 128 of 2013 seeking condonation of delay were allowed.
Appeal: Appeal Nos. 189 to 194, 94, 107 and 108 of 2013 were heard; six delayed appeals were admitted after condonation. Decision dated 31 January 2014.
Group of 21 connected entities executed large off-market transfers and reversal circular/synchronized trades in Rich Universe Networking Ltd. to create artificial volume and push price higher.
Misc. Applications Nos. 123-128 of 2013 allowed and delay in filing Appeals 189-194 of 2013 condoned · AO penalties under challenge: Rs 25 lakh on Scope Vyapar and Rs 3 lakh each on 20 others
Appeal: SAT Appeals Nos. 189-194, 94, 107-108 of 2013 heard 24.01.2014, decided 31.01.2014; Misc. Apps 123-128 of 2013 for condonation allowed
Alleged creation of artificial volume and misleading appearance of trading in RUNL through connected entities, off-market transfers and reversal/circular/synchronized trades at incrementally higher prices.
Miscellaneous Applications 123 to 128 of 2013 for condonation of delay were allowed. · Appeals challenging the penalties were dismissed.
Appeal: SAT Appeals 189-194, 94, 107 and 108 of 2013; heard 24 January 2014 and decided 31 January 2014; appeals dismissed.
Group of 21 connected entities executed large off-market transfers and reversal/circular/synchronized on-market trades at incrementally higher prices to create artificial volume and misleading appearance in Rich Universe Network Ltd.
Misc. Applications Nos. 123-128 of 2013 for condonation of delay in filing Appeals 189-194 of 2013 allowed · AO finding that charges proved except Noticee Nos. 8 and 20 retained in impugned order: Rs 25 lakh on Noticee No.1 for lead role, Rs 3 lakh each on Noticees 2-21 for supportive role
Appeal: Appeals Nos. 189-194, 94, 107-108 of 2013 against SEBI AO order dated March 6, 2013; Appeals 189-194 filed Oct 28, 2013 beyond 45-day limit, delay condoned via Misc. Apps 123-128; Heard 24.01.2014, Decided 31.01.2014
Manipulation of Rich Universe Networking Ltd. shares via connected group using large off-market transfers reversed by synchronized/circular trades at higher prices creating artificial volume and price rise.
Misc. Applications No. 123 to 128 of 2013 for condonation of delay in Appeals 189-194 of 2013 allowed
Appeal: Appeal Nos. 189-194, 94, 107-108 of 2013 against AO order dated March 6, 2013; delay condoned; heard 24.01.2014, decided 31.01.2014
Group of 21 connected entities manipulated Rich Universe Networking Ltd shares via large off-market transfers and reversal synchronized/circular trades creating artificial volume and price rise.
Misc. Applications No. 123 to 128 of 2013 allowed condoning delay in filing Appeal Nos. 189 to 194 of 2013
Appeal: Appeals 189-194, 94, 107-108 of 2013 against SEBI order dated March 6, 2013; heard 24.01.2014, decided 31.01.2014; delay condoned

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Source: SecMarx — Runicha Merchant Pvt. Ltd.. 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.