Sanjay C. Kirloskar

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Directedly deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Pay penalty as per Table 20 para 164 of impugned order
Rs 5 lakh penalty on KIL for LODR non-disclosure
Direct to first deposit proposed disgorged amount per Table 18 para 154 then post-decisional hearing
Penalty per Table 20 para 164 on Alpana group including Alawani

SAT-appeal

Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 (capital loss on investment/advances to subsidiary KCEL) and UPSI-2 (Q2 July-Sept 2010 results), plus fraud on KIL/minority shareholders.
WTM order restrained appellants from accessing securities market for different periods · Directedly deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 heard together; Hearing 29.06.2022; Decision 12.10.2022
Insider trading in KBL shares on 6 Oct 2010 (Alpana group) and 14 Oct 2010 (Sanjay group) while in possession of UPSI-1 (capital loss on KBL investment/advances to subsidiary KCEL) and UPSI-2 (Q2 FY10 results July-Sept 2010); fraud on KIL/minority shareholders.
WTM order 20 Oct 2020 restrained Alpana group from accessing securities market for different periods · Direct to first deposit proposed disgorged amount per Table 18 para 154 then post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard together; hearing 29.06.2022, decision 12.10.2022
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 and UPSI-2; plus PFUTP fraud on KIL/minority and LODR non-disclosure by KIL.
WTM restrained appellants from accessing securities market for different periods · Direct to deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard 29.06.2022, decided 12.10.2022

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Source: SecMarx — Sanjay C. Kirloskar. 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.