Shreekant Javalgekar

SAT-appeal

• Trading in MCX and 63 Moons Technologies shares while allegedly possessing UPSI concerning issuance of a show-cause notice to NSEL.
  Miscellaneous Applications Nos. 1000 and 1001 of 2021 allowed · Common SAT order dated 5 August 2021 directed to be rectified
  Appeal: Miscellaneous Applications Nos. 1000 and 1001 of 2021 in Appeal Nos. 256 and 257 of 2018 allowed on 10 November 2021
• Allegedly traded as insiders in Multi-Commodity Exchange of India Ltd / 63 Moons Technologies Ltd shares while in possession of UPSI, collectively averting loss of Rs 79.50 lakhs.
  Permit redemption of ICICI Prudential mutual fund units and credit to Axis Bank salary account · Create Rs 80 lakhs fixed deposit in joint names with lien marked in favour of SEBI
  Appeal: Appeal Nos. 184, 185, 186 and 187 of 2017 disposed of by SAT order dated 16 August 2017
• Alleged insiders sold shares of MCX/63 Moons Technologies Ltd while in possession of UPSI, collectively averting loss of Rs 79.50 lakhs.
  Permit redemption of ICICI Prudential MF units and credit proceeds to Axis Bank salary account · Create Rs 80 lakhs Fixed Deposit in joint names with lien marked in favour of SEBI
  Appeal: Appeals No.184,185,186,187 of 2017 disposed of by SAT order dated 16.8.2017
• Alleged insider trading in Multi-Commodity Exchange of India Ltd / 63 Moons Technologies Ltd shares while in possession of UPSI, collectively averting loss of Rs 79.50 lakhs.
  Permit redemption of ICICI Prudential mutual fund units and creation of Rs 80 lakhs FD with lien in favour of SEBI · Ex-parte asset-freeze / bank-debit directions not to survive upon securing alleged loss averted
  Appeal: Appeal Nos. 184, 185, 186 and 187 of 2017 disposed of on 16 August 2017 with no order as to costs
• Alleged insider trading in MCX and 63 Moons Technologies Ltd shares while in possession of UPSI being issuance of show cause notice to NSEL by Dept of Consumer Affairs, before public disclosure on Oct 3, 2012.
  Appeal Nos. 256 and 257 of 2018 dismissed as not maintainable without any order as to costs
  Appeal: Appeal Nos. 256 and 257 of 2018 against WTM exoneration orders dismissed on 05.08.2021 as not maintainable (hearing 29.06.2021)
• Alleged trading in MCX and 63 Moons Technologies Ltd scrip while in possession of UPSI viz. issuance of show cause notice to NSEL.
  Misc. Application No. 1000 of 2021 and Misc. Application No. 1001 of 2021 allowed · Registry directed to carry out corrections in paras 2,3,4,5,6,8,9,11 of common order dated August 5, 2021 substituting NSEL for MCX and correcting regulations
  Appeal: Misc. Application No. 1000 of 2021 in Appeal No. 256 of 2018 and Misc. Application No. 1001 of 2021 in Appeal No. 257 of 2018 allowed on 10.11.2021 rectifying common order dated 05.08.2021
• SEBI prima facie alleged that the appellants were insiders who sold shares of MCX/63 Moons Technologies while in possession of UPSI, collectively averting a loss of Rs.79.50 lakh.
  Permitted redemption of specified ICICI Prudential Mutual Fund units. · Directed creation of an Rs.80 lakh fixed deposit in the appellants' joint names with a lien in favour of SEBI.
  Appeal: Appeal Nos. 184, 185, 186 and 187 of 2017 disposed of by SAT on 16 August 2017.