Shantibhai M. Chanchpara

SAT-appeal

• Fraudulent scheme by 19 connected entities to manipulate price/volume of S.J. Corporation Ltd scrip in violation of Section 12A and PFUTP Regulations.
  Seven appeals heard together with Appeal No.525 of 2015 as lead case for common disposal · Impugned AO order had directed 13 entities to disgorge illegal gains
  Appeal: Appeal Nos.456,513,525,526,531,535,536 of 2015 against AO order dated 26.08.2015; reserved 05.03.2018, decided 25.04.2018; no appeal against WTM orders dated 05.02.2010 and 24.12.2010
• Alleged fraudulent scheme by 19 connected entities manipulating S.J. Corporation Ltd scrip price up ~2000% during Mar 2008-Oct 2009.
  13 entities directed to disgorge illegal gains per AO order 26.08.2015 · 19 entities directed to pay Rs.2.5 crore penalty jointly and severally per AO order
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535, 536 of 2015 with Misc. Appl. 379-380/2015; Reserved 05.03.2018, Decision 25.04.2018, lead case 525/2015
• Fraudulent scheme and price manipulation in scrip of M/s S.J. Corporation Ltd. by 19 connected entities, raising price ~2000% during investigation period.
  13 entities directed to disgorge illegal gains per AO order dated August 26, 2015 · All 19 entities directed to pay penalty of Rs. 2.5 crore jointly and severally per AO order
  Appeal: Appeal Nos. 456, 513, 525, 526, 531, 535, 536 of 2015 reserved on 05.03.2018, decided on 25.04.2018 against AO order dated 26.08.2015
• Fraudulent scheme and price manipulation in scrip of S.J. Corporation Ltd by 19 connected entities in illiquid scrip
  Seven appeals heard together with Appeal No.525/2015 as lead case for common decision · AO order of disgorgement by 13 entities and Rs.2.5 cr joint penalty on 19 entities under challenge
  Appeal: Appeal Nos.456,513,525,526,531,535,536 of 2015 reserved 05.03.2018, decided 25.04.2018; no appeal against WTM orders of 05.02.2010/24.12.2010