Satnamsingh Panesar HUF

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants to deposit Rs. 2 lakh each; interim deposits to be adjusted
If deposited, balance AO penalty amount shall not be recovered
AO, WTM and Tribunal orders not to be used in criminal proceedings before Sessions Judge, Mumbai
Appellants to deposit Rs 2 lakh each; interim deposits to be adjusted
On deposit, balance penalty amount shall not be recovered

SAT-appeal

SAT matter SATV-21988E448C9AC5BAA2AE9B0D
Appeals adjourned on the appellants' counsel's request · List the appeals on 20 June 2022
Appeal: Appeal Nos. 703, 704, 705, 706 and 707 of 2021; adjourned on 1 June 2022 and listed on 20 June 2022
Company and directors (noticee 1-6) with 83 connected entities allegedly manipulated scrip price in four patches and as counterparties to 1059 allottees created artificial price and volume.
Appellants to deposit Rs. 2 lakh each; interim deposits to be adjusted · If deposited, balance AO penalty amount shall not be recovered
Appeal: Appeal Nos. 703-707/2021, 462, 574-576, 582-585, 615/2022 disposed on 18.05.2023
Company and directors with 83 connected entities manipulated scrip price and volume in four trading patches and as counterparties to 1059 allottees, violating PFUTP Reg 3 and 4.
Appellants to deposit Rs 2 lakh each; interim deposits to be adjusted · On deposit, balance penalty amount shall not be recovered
Appeal: Appeal Nos. 703-707 of 2021 and 462, 574-576, 582-585, 615 of 2022 disposed on 18.05.2023
Company and directors (noticees 1-6) with 83 connected entities allegedly manipulated scrip price in four trading patches and created artificial inflation/volume via 1059 allottees.
Direct appellants to deposit Rs 2 lakh each · If deposited, balance penalty not to be recovered; interim deposits to be adjusted
Appeal: Appeal Nos. 703-707 of 2021, 462, 574-576, 582-585, 615 of 2022 disposed on 18.05.2023

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