Sanjeev Arora

SAT-appeal

• Alleged misleading public announcements, delayed disclosures, irregular preferential allotments and inappropriate accounting practices intended to present a rosy picture, manipulate the share price and violate the PFUTP Regulations, 2003.
  Impugned WTM order upheld on merits. · Three-year restraint reduced to restraint only up to 31 August 2017, recognizing approximately 20 months already undergone.
  Appeal: Appeal Nos. 100, 101, 102 and 103 of 2016 disposed of by common SAT order dated 31 August 2017.
• Misleading corporate announcements, delayed disclosures, irregular preferential allotments and inaccurate accounting practices allegedly created a rosy picture, manipulated the company's share price and violated the PFUTP Regulations, 2003.
  Appeals disposed of with the WTM order upheld on merits. · Three-year market-access restraint reduced to the period already undergone, ending on 31 August 2017.
  Appeal: Appeal Nos. 100, 101, 102 and 103 of 2016 disposed of by SAT on 31 August 2017.
• Misleading corporate announcements, delayed disclosures, irregular preferential allotments and inappropriate accounting to present rosy picture and manipulate share price.
  WTM order dated 13 January 2016 upheld on merits for PFUTP violation · 3-year direct/indirect securities market restraint reduced to period already undergone
  Appeal: Appeal Nos. 100, 101, 102 and 103 of 2016 disposed by common SAT order dated 31.08.2017
• Disseminating misleading information, suppressing negative information, making aggressive positive announcements, and influencing RPIL's share price through personal and wash trades.
  Impugned adjudication order dated 31 August 2012 upheld with modification. · Penalty reduced to Rs.1 lakh.
  Appeal: Appeal No. 216 of 2012 disposed of on 7 May 2013; penalty reduced and impugned order otherwise upheld.
• Alleged misleading corporate announcements, delayed disclosures, irregular preferential allotments and inaccurate accounting practices designed to present a falsely positive picture and manipulate the company's share price, violating the PFUTP Regulations, 2003.
  WTM's finding of violations was upheld on merits. · Three-year restraint was reduced to the period already undergone, ending on 31 August 2017.
  Appeal: Appeal Nos. 100, 101, 102 and 103 of 2016 disposed of by SAT on 31 August 2017; restraint period restricted to the date of decision.