Sanjay Jethalal Soni (HUF)

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs. 5 lakh on each appellant upheld
Matter remitted to WTM, SEBI for recalculation of disgorgement as per law
Original disgorgement with 12% p.a. interest to be recalculated
AO penalty of Rs.5 lacs on each noticee confirmed

SAT-appeal

Alleged fraudulent and manipulative scheme involving artificial price/volume creation, unsolicited bulk SMS recommending Timbor Home Ltd. shares, and subsequent dumping of shares on induced investors.
Miscellaneous Application No. 934 of 2022 allowed and documents taken on record · Appeal Nos. 45 and 46 of 2022 dismissed
Appeal: Appeal Nos. 45 and 46 of 2022 dismissed by SAT on 27 September 2022 with no order as to costs.
Aiding Timbor Home promoter group in offloading shares via intermediaries acting in concert and inducing gullible investors with misleading advice.
Findings in WTM order dated November 20, 2020 upheld · Matter remitted to WTM, SEBI for recalculation of disgorgement as per law
Appeal: Appeal No.47 of 2022 with Misc. Application No.1226 of 2022 allowed in part on 29 January 2026; findings upheld, remanded for disgorgement recalculation
Connected entities in concert inflated Timbor Home Ltd price via small buys, sent misleading bulk SMS buy recommendations, then dumped shares on gullible investors in violation of PFUTP Regs 3, 4.
Appeal No. 45 of 2022 and Appeal No. 46 of 2022 dismissed · AO penalty of Rs.5 lacs on each noticee confirmed
Appeal: Appeal Nos. 45 and 46 of 2022 against AO order dated 23.03.2021 dismissed on 27.09.2022; Misc. Application No. 934 of 2022 allowed

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Source: SecMarx — Sanjay Jethalal Soni (HUF). 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.