Sanjay Kumar Sukhdevaram Maharshi

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal Nos. 560-565 of 2020 dismissed with no order as to costs; AO penalty upheld
All six appeals dismissed with no costs; AO penalty upheld
Appeals dismissed with no order as to costs; AO penalty of Rs 1 lakh each confirmed
AO penalty of Rs. 1 lakh each for PFUTP violation upheld
AO order imposing Rs 1 lakh each upheld; no manifest error found

SAT-appeal

Price manipulation in PSIT Infrastructure scrip by selling miniscule quantities to inflate LTP, contributing 95.89% to net LTP, violative of PFUTP Regs 3 and 4.
Delay condoned; Misc. Applications 443,460,461,521,540,602 allowed · Appeal Nos. 560-565 of 2020 dismissed with no order as to costs; AO order upheld
Appeal: Appeal Nos. 560-565 of 2020 with Misc. Applications condoning delay - dismissed on 21.06.2021 (reserved 16.06.2021)
Price manipulation in PSIT Infrastructure and Services Ltd scrip by placing miniscule sell orders to inflate LTP in violation of PFUTP Regulations 3 and 4.
Delay condoned; Misc. Applications No. 443, 460, 461, 521, 540, 602 allowed · Appeal Nos. 560-565 of 2020 dismissed with no order as to costs; AO penalty upheld
Appeal: Appeal Nos. 560, 561, 562, 563, 564, 565 of 2020 dismissed on 21.06.2021; order reserved on 16.06.2021
Price manipulation in PSIT Infrastructure and Services Ltd by sellers placing miniscule sell orders to inflate LTP for benefit of others
Delay condoned; Misc. Applications allowed · All six appeals dismissed with no costs; AO penalty upheld
Appeal: Appeal Nos. 560, 561, 562, 563, 564, 565 of 2020 dismissed by SAT on 21.06.2021 (reserved 16.06.2021)
Price manipulation in PSIT Infrastructure and Services Ltd scrip by selling miniscule quantities to inflate LTP in violation of PFUTP Regs 3 and 4.
Appeals dismissed with no order as to costs; AO penalty of Rs 1 lakh each confirmed · Delay condoned; Misc Applications allowed
Appeal: Appeal Nos. 560-565 of 2020 with Misc Applications 443,460,461,521,540,602 of 2020/2021 dismissed on 21.06.2021 (reserved 16.06.2021)
Price manipulation in PSIT Infrastructure scrip by selling miniscule quantities to inflate LTP for benefit of others
Delay condoned; Misc. Applications No. 443, 460, 461, 521, 540, 602 allowed · Appeal Nos. 560-565 of 2020 dismissed with no order as to costs
Appeal: Appeal Nos. 560, 561, 562, 563, 564, 565 of 2020 dismissed on 21.06.2021
Sellers manipulated PSIT scrip by placing miniscule sell orders despite demand to inflate LTP for others' benefit, violating PFUTP Regulations 3 and 4.
Delay in filing appeals condoned; Misc. Applications 443, 460, 461, 521, 540, 602 allowed · Appeals No. 560-565 of 2020 dismissed with no order as to costs
Appeal: Appeal Nos. 560-565 of 2020 dismissed on 21.06.2021; delay condoned

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Source: SecMarx — Sanjay Kumar Sukhdevaram Maharshi. 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.