Shailesh S. Jhaveri

SAT-appeal

• The appellants allegedly obtained preferential allotment of 6,00,000 shares each without actual infusion of consideration and later sold them for illegal gains, violating FUTP Regulations 4(b) and 4(d).
  Appeals Nos. 79 and 80 of 2012 were disposed of; the Tribunal rejected the appellants' challenges to disgorgement. · Disgorgement of unlawful gains and 12% simple interest as directed by SEBI's order dated 25 January 2012 remained under challenge.
  Appeal: SAT Appeals Nos. 79 and 80 of 2012 disposed of on 4 October 2012
• Disgorgement order in matter of Ojas Technochem Products Ltd (OTPL); allegation of discrimination vis-a-vis eight other connected persons.
  Para 4 of order dated November 14, 2013 corrected: 'disgorgement proceedings' to 'investigation proceedings' and 'show cause notices dated January 25, 2012' to 'order dated January 25, 2012' · Miscellaneous Application No. 13 of 2014 disposed of with direction to Registry to issue fresh copy of November 14, 2013 order
• SAT matter SATV-4D9CACE2F44D2CC3284AF3AF
  Corrected inadvertent references in paragraph 4 of the 14 November 2013 order from disgorgement proceedings to investigation proceedings. · Corrected reference from show cause notices dated 25 January 2012 to order dated 25 January 2012.
  Appeal: Miscellaneous Application No. 13 of 2014 disposed of on 28 February 2014; Review Applications Nos. 5 and 6 of 2012 had earlier been dismissed on 14 November 2013.