Shri Ashlesh Gunvantbhai Shah

SAT-appeal

• SAT matter SATV-065909F5111C89D9D72522ED
  List Appeals Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 on 28 June 2021 · Parties to obtain instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378 and 415 of 2019, and 47 of 2020 were pending and adjourned for listing on 28 June 2021; no disposal on merits stated.
• Creating artificial volumes and a misleading appearance in the securities market through matched trades, reversal trades and self trades in the Oregon Commercial Ltd. scrip.
  Appeals allowed on the ground of inordinate delay in issuing the show-cause notice · Common AO order dated 16 November 2018 imposing penalties was set aside
  Appeal: Appeal Nos. 169, 171, 172, 231, 264, 266, 277, 278, 279, 280 and 281 of 2019 decided by SAT on 31 January 2020
• SAT matter SATV-25B2E221737FE23885D9AD51
  List the matters on 9 April 2021 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378 and 415 of 2019, and 47 of 2020 were listed on 26 February 2021; no disposal on merits stated.
• SAT matter SATV-24A9E13F32827A4E142EA23D
  List the appeals on 28 June 2021 · Parties to obtain instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378 and 415 of 2019 and Appeal No. 47 of 2020 were listed for hearing on 28 June 2021; no disposal on merits stated
• SAT matter SATV-364DB45940F421BEC47D71BB
  List the appeals on 28 June 2021 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378 and 415 of 2019 and 47 of 2020 were pending; next listed on 28 June 2021
• SAT matter SATV-2CAFAB78D0E5FF8E7373D62C
  Impugned WTM order dated October 1, 2014 quashed and set aside qua appellant only · Matter restored to Whole Time Member of SEBI for passing fresh order on merits in accordance with law after personal hearing
  Appeal: Appeal No. 312 of 2014 decided/disposed on 10.10.2014 with no order as to costs
• 11 connected entities allegedly traded amongst themselves in Cupid Traders and Finance Ltd via synchronised trades contributing to volume in violation of PFUTP Regulations 3 and 4.
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 with Misc. Applications 830 and 818 of 2021 - reserved 02.09.2021, decided 15.09.2021
• 11 connected entities allegedly traded amongst themselves in Cupid Traders scrip via synchronised, reversal and self trades to create artificial volume.
• SAT matter SATV-6E0009A92AD6A9F0707FE88F
  Delay in depositing Rs 5 lakh condoned · Misc. Application No. 369 of 2019 disposed of
  Appeal: Misc. Application No. 369 of 2019 in Misc. Application No. 277 of 2019 in Appeal No. 169 of 2019 disposed of on 09.07.2019
• SAT matter SATV-6AF7DB82ED08E5E970DF9EDA
  List all connected appeals on June 28, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 pending; adjourned to June 28, 2021 vide order dated 07.05.2021
• Alleged connected entities traded amongst themselves in Cupid Traders and Finance Ltd to contribute artificial volume via synchronised, reversal and self trades.
• Alleged execution of synchronised trades amongst connected entities in Cupid Traders and Finance Ltd contributing to artificial volume in violation of PFUTP Regulations.
• Failure to disclose disposal of 74,547 shares (6.2%) of Parichay Investments Ltd on 2 May 2013 to target company
  Appeal dismissed, AO penalty of Rs 5 lac upheld as nominal and reasonable · No order as to costs
  Appeal: Appeal No. 271 of 2014 decided on 08/10/2014 - dismissed with no order as to costs
• SAT matter SATV-B0453C79E3CD4F345B84A7F7
  Matters stood over to May 07, 2021 due to non-availability of Bench · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 pending; no disposal, adjourned on 09.04.2021 to 07.05.2021
• SAT matter SATV-B391A4A66CD3F627A5BD4573
  Stood over to May 07, 2021 due to non-availability of the Bench · Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 adjourned to May 07, 2021, not disposed
• SAT matter SATV-DB51E032AA0515004055BB6D
  List matters on April 09, 2021 · Parties directed to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 vs SEBI pending before SAT; adjourned on 26.02.2021 to 09.04.2021
• Alleged synchronised trading, along with reversal and self trades, among connected entities in Cupid Traders and Finance Ltd., contributing to artificial volume and violating PFUTP Regulations.
  Appeals Nos. 375/2019, 377/2019, 378/2019, 415/2019 and 47/2020 were heard together against the common AO order dated 29 March 2019. · SAT found the synchronised-trading findings unsupported and identified violation of natural justice; operative final directions are not included in the provided extract.
  Appeal: Appeal Nos. 375 of 2019, 377 of 2019, 378 of 2019, 415 of 2019 and 47 of 2020; decision dated 15 September 2021. Final disposal directions are absent from the extract.
• Creating artificial volumes and a misleading appearance in the securities market through matched trades, reversal trades and self trades in the Oregon Commercial Ltd. scrip.
  Common AO order dated 16 November 2018 challenged; appeals were being decided together. · SAT found a seven-year delay in issuing the show cause notice and criticized SEBI's explanation as patently farcical and an afterthought.
  Appeal: Appeal Nos. 169, 171, 172, 231, 264, 266, 277, 278, 279, 280 and 281 of 2019; order dated 31 January 2020; final disposal outcome is not included in the provided excerpt.
• SAT matter SATV-6A3E462174124E252F235BD5
  List the matters on 9 April 2021 · Parties to obtain Registrar's instructions 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 375, 377, 378 and 415 of 2019 and 47 of 2020 were listed for further hearing on 9 April 2021; no disposal on merits recorded.
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip through matched, reversal and self trades among connected entities.
  Group appeals allowed; common AO order dated November 16, 2018 set aside on ground of inordinate 7-year delay in SCN
  Appeal: Appeal Nos. 169,171,172,231,264,266,277,278,279,280,281 of 2019 reserved 23.01.2020 decided 31.01.2020 - allowed due to delay
• SAT matter SATV-584D725AD72AD1CB4D99E99D
  List Appeal Nos. 375, 377, 378 of 2019, 415 of 2019 and 47 of 2020 on April 09, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip through matched, reversal and self trades among connected entities.
  Appeal: Appeal Nos. 169, 171, 172, 231, 264, 266, 277, 278, 279, 280, 281 of 2019 before SAT; Order Reserved on 23.01.2020, Date of Decision 31.01.2020
• SAT matter SATV-6C5F938D5D5143FC9757E907
  Matters stood over to May 07, 2021 due to non-availability of Bench · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 pending, adjourned from 09.04.2021 to 07.05.2021
• SAT matter SATV-6FEAAB6770E7F7BA1D4B324C
  Matters stood over to 07 May 2021 due to non-availability of the Bench · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 pending; adjourned to 07 May 2021, not disposed
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip through matched, reversal and self trades.
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip through matched, reversal and self trades in violation of PFUTP norms.
  Common AO order dated 16.11.2018 under challenge; Tribunal held 7-year delay vitiates penalties and set aside/quashed AO penalties
  Appeal: Appeal Nos. 169,171,172,231,264,266,277,278,279,280,281 of 2019 reserved 23.01.2020 decided 31.01.2020 by common order
• SAT matter SATV-96D3B83D0FA39494926AB768
  Matters stood over to May 07, 2021 due to non-availability of Bench · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 375, 377, 378, 415 of 2019 and 47 of 2020 pending before SAT; adjourned to 07 May 2021
• Created artificial volumes and misleading appearance in Oregon Commercial Ltd scrip by trading among themselves through matched, reversal and self trades.
  Group appeals challenge AO common order dated November 16, 2018; Tribunal examines 7-year delay in SCN (operative part truncated in excerpt)
  Appeal: Appeal Nos. 169,171,172,231,264,266,277,278,279,280,281 of 2019, Order Reserved 23.01.2020, Date of Decision 31.01.2020
• SAT matter SATV-B4BDC1F82C9ECAEAD7185990
  List appeals on June 28, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 375/2019, 377/2019, 378/2019, 415/2019 and 47/2020 pending; next listing June 28, 2021
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip via matched, reversal and self trades.
  Appeal: Group Appeals 169,171,172,231,264,266,277-281 of 2019 reserved 23.01.2020 decided 31.01.2020 challenging AO order
• SAT matter SATV-D8F522C998C5F0B28ADB2E64
  List matters on April 09, 2021 · Parties to take instructions from Registrar 48 hours before date fixed on mode of hearing
• Alleged creation of artificial volumes and misleading appearance in Oregon Commercial Ltd scrip via matched, reversal and self trades.
  Common AO order dated November 16, 2018 set aside and penalties quashed on ground of inordinate delay
  Appeal: Appeal Nos. 169, 171, 172, 231, 264, 266, 277, 278, 279, 280, 281 of 2019 reserved on 23.01.2020, decided on 31.01.2020
• Created artificial volumes and misleading appearance in Oregon Commercial Ltd scrip by trading among themselves through matched, reversal and self trades.
  Appeals allowed and AO common order dated November 16, 2018 set aside on ground of inordinate unexplained delay
• Creating artificial volumes and misleading appearance in Oregon Commercial Ltd scrip through matched, reversal and self trades in violation of PFUTP norms.
  Appeal: Appeal Nos. 169, 171, 172, 231, 264, 266, 277, 278, 279, 280, 281 of 2019 against AO order; reserved 23.01.2020, decided 31.01.2020