Sangita Securities Pvt. Ltd.
SAT-appeal
- Promoters and Harrington Group executed substantially synchronized trades in REI Agro shares creating artificial volume and influencing price; Hi-Fi failed to comply with summons.
- Substantially synchronized trades among promoters and connected Harrington Group creating artificial volume and influencing price of REI Agro Ltd; Hi-Fi Tradecom failed to comply with summons.
- Promoters and connected Harrington Group executed substantially synchronized trades in REI Agro Ltd creating artificial volume and influencing price to enable promoter offload; Hi-Fi failed to comply with summons.Appeal: Appeal Nos. 44, 77, 78, 79 of 2013 before SAT, reserved on 23.10.2013, decided by common judgment on 19.11.2013
Source: SecMarx — Sangita Securities 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.