Sarvani Choudhary

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Disgorge Rs 9,58,950 with 6% p.a. interest from listing date
AO penalty reduced to Rs 5 lacs in all
Disgorge Rs 9,58,950 with 6% p.a. interest from listing date
Penalty reduced to Rs 5 lacs in all from Rs 26,50,000
Deposit disgorgement and penalty by 31 May 2010 else impugned directions revive

SAT-appeal

Part of IPO scam cornering retail allotment via fictitious/benami accounts; received shares from key operator Roopal Panchal and sold for windfall gain.
Debarment terminated from 10.3.2010 after out of market since April 2006 · Release shares from demat on sale by participant
Appeal: Appeal Nos. 105 and 249 of 2009 disposed on 10 March 2010 with modified directions
Part of fraudulent IPO scheme cornering retail shares of Nandan Exim and FCS Software via key operator Roopal Panchal and selling for windfall gain.
Debarment from securities market terminated from 10.3.2010 · Disgorge Rs 9,58,950 with 6% p.a. interest from listing date
Appeal: Appeal Nos. 105 and 249 of 2009 disposed on 10.3.2010
SAT matter SATV-F379A4CF9FA1D9AA12A39239
Disposed in same terms as Appeal No. 105 of 2009 decided on 10.3.2010
Appeal: Appeal No. 249 of 2009 decided on 10.3.2010 in same terms as Appeal No. 105 of 2009 decided on 10.3.2010

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Source: SecMarx — Sarvani Choudhary. 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.