Shri Bhavesh Pabari

SAT-appeal

• Alleged synchronized, reversal and self-trades and manipulation of Refex Refrigerant Limited’s share price by connected entities; Anil T. Jain and related persons also allegedly failed to disclose transfers exceeding 2%.
  Appeals against the Adjudicating Officer’s 18 May 2018 penalty order were heard by SAT; operative disposal outcome is not included in the supplied text.
  Appeal: SAT Appeal Nos. 326, 327, 328, 336 and 413 of 2018; order dated 7 October 2020. Disposal result is not present in the supplied excerpt.
• Manipulation of Refex Refrigerant Limited shares through synchronised, reversal and self-trades, together with non-disclosure of transfer exceeding 2% under the SAST Regulations.
  Appeals challenge the Adjudicating Officer's order dated 18 May 2018 imposing penalties. · Each of Bhavesh Pabari, Hemant Madhusudan Sheth and Ankit Rajendra Sanchaniya was penalised Rs.10 lakh.
  Appeal: SAT Appeals Nos. 326, 327, 328, 336 and 413 of 2018; order reserved 13 January 2020 and decision dated 7 October 2020. Disposal outcome is not included in the provided text.
• SAT matter SATV-13B3350A0703B6B676774465
  Appeal Nos. 443 of 2014, 49 of 2015 and 261 of 2015 were allowed to be withdrawn. · Appellant directed to pay the penalties imposed under the respective SEBI orders within three months.
  Appeal: Appeal Nos. 443 of 2014, 49 of 2015 and 261 of 2015 withdrawn and disposed of on 12 February 2016; Misc. Application No. 46 of 2015 allowed with 36-day delay condoned.
• Executing self, reversal and synchronized trades in Gulshan Polyols Limited shares to create artificial volume and cause a fictitious price rise; failure by Bhavesh Pabari and M/s Shree Radhe to furnish information during investigation.
  Appeal No. 53 of 2012 dismissed; Rs 20 lakh penalty against Hemant Sheth sustained. · Appeals Nos. 71 and 72 of 2012 partially allowed; Rs 20 lakh penalty against each appellant sustained.
  Appeal: Appeal Nos. 53, 71 and 72 of 2012 disposed of by SAT on 10 September 2013; Appeal 53 dismissed and Appeals 71 and 72 partially allowed.
• SAT matter SATV-23F453A28272F765CF3A30F5
  Matter adjourned at the respondent's request · List on 12 August 2021
  Appeal: Appeal Nos. 217 of 2021, 446, 460, 451, 469, 476, 477, 478, 554 and 567 of 2020, and 178 of 2021 were adjourned on 12 July 2021 and listed for 12 August 2021
• SAT matter SATV-2C4AC66F7EAB5906166AD960
  Order states it is the same order as in Appeal No. 122 of 2012 decided on 8 November 2012
  Appeal: Appeal No. 129 of 2012 decided on 8 November 2012; order follows the same order as Appeal No. 122 of 2012
• Execution of self, reversal and synchronized trades in Gulshan Polyols Limited shares, allegedly creating artificial volume and contributing to an artificial price rise; failure by Bhavesh Pabari and M/s Shree Radhe to furnish information sought under investigation.
  Appeal No. 53 of 2012 dismissed; Rs. 20 lakh penalty on Hemant Sheth sustained. · Appeal Nos. 71 and 72 of 2012 partly allowed; Rs. 10 lakh information-failure penalties quashed.
  Appeal: Appeal Nos. 53, 71 and 72 of 2012 disposed of by common SAT decision dated 10 September 2013; Appeal 53 dismissed and Appeals 71 and 72 partly allowed.
• SAT matter SATV-36E69B530A510BB0769616B8
  Matters adjourned on the respondent's request. · All matters listed on 12 August 2021.
  Appeal: Appeal Nos. 217 of 2021, 446, 460, 451, 469, 476, 477, 478, 554 and 567 of 2020, and 178 of 2021 were adjourned; next listing fixed for 12 August 2021.
• SAT matter SATV-2C815CFDC215D9C7A5A14D73
  Respondent's request for adjournment granted · Matters listed on 12 August 2021
  Appeal: Appeal Nos. 217 of 2021, 446 of 2020, 460 of 2020, 451 of 2020, 469 of 2020, 476 of 2020, 477 of 2020, 478 of 2020, 554 of 2020, 567 of 2020 and 178 of 2021 were adjourned; listed on 12 August 2021.
• SAT matter SATV-368ECA1EECD1E1B10F3AC3B0
  Adjourned on request of respondent SEBI, listed on 12 August 2021 · Parties to contact Registrar 48 hours before fixed date for video or physical hearing mode
  Appeal: Appeal Nos. 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 pending; adjourned vide order dated 12.7.2021 to 12 August 2021
• SAT matter SATV-72176EE225B23BFDEA6FC489
  Connected with Appeal No. 446 of 2020 · Respondent SEBI to file reply within three weeks to condonation of delay and memo of appeal
  Appeal: Misc. Application No. 384 of 2021 and Appeal No. 217 of 2021 pending; connected with Appeal No. 446 of 2020; next listing 11 June 2021
• SAT matter SATV-790B9AAFBAAADCE773B6A369
  Adjourned on request of respondent SEBI · List on 12th August, 2021
  Appeal: Appeal Nos. 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 heard on 12.7.2021 and adjourned to 12.8.2021
• SAT matter SATV-84617F3754262141CA6430DA
  Appeals Nos. 443 of 2014, 49 of 2015 and 261 of 2015 allowed to be withdrawn · Appellants directed to pay penalty imposed under respective orders
  Appeal: Appeal Nos. 443 of 2014, 49 of 2015 and 261 of 2015 withdrawn and disposed on 12.02.2016
• SAT matter SATV-7F3709EC44A489687D1EBC0A
  Adjourned on request of respondent SEBI · List on 12th August, 2021
  Appeal: Appeal Nos. 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020 and connected appeals pending; adjourned on 12.7.2021 to 12 August 2021
• SAT matter SATV-BE27A40FF9546D2751018E03
  Condoned 65 days delay in filing Appeal No.345 of 2015 · Permitted withdrawal of Appeal No.345 of 2015
  Appeal: Appeal No.345 of 2015 withdrawn and disposed on 14/03/2016; Misc. Application No.237 of 2015 allowed
• SAT matter SATV-BC853F0554D1863E043F4F80
  Adjourned on request of respondent; listed on 12th August, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
  Appeal: Appeals 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 adjourned to 12 Aug 2021
• SAT matter SATV-D11621606A48B004F56F4893
  36 days delay in filing Appeal No. 49 of 2015 condoned via Misc. Application No. 46 of 2015 · Appeal Nos. 443 of 2014, 49 of 2015 and 261 of 2015 allowed to be withdrawn
  Appeal: Appeal Nos. 443 of 2014, 49 of 2015 and 261 of 2015 withdrawn and disposed on 12.02.2016; Misc. Application No. 46 of 2015 for 36 days delay allowed
• Alleged synchronised, reversal and self-trades by 23 connected entities to manipulate RFL price; promoter Anil Jain failed to disclose off-market transfer of >2% shares.
  AO penalty of Rs.10 lakh each on Bhavesh Pabari, Hemant Sheth, Ankit Sanchaniya for PFUTP violations · AO penalty of Rs.1 crore jointly and severally on Anil T Jain, Chunnilal Jain, Nisha Rakesh Jain
• SAT matter SATV-D90A6C185008775FAEF7A08B
  Adjourned on request of respondent SEBI · List all matters on 12 August 2021
  Appeal: Appeal Nos. 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 adjourned; next date 12 August 2021
• Connected clients executed self, reversal and synchronized trades in Gulshan Polyols Ltd to create artificial volume and inflate price in violation of FUTP Regulations.
  Appeal No.53 of 2012 dismissed, Rs 20 lakh penalty under Sec 15HA sustained · Appeal Nos.71 and 72 of 2012 dismissed as to Rs 20 lakh penalty under Sec 15HA
  Appeal: Appeal No.53, 71 and 72 of 2012 heard together, reserved on 28 August 2013 and disposed by common order on 10 September 2013
• SAT matter SATV-E6907CFEB4646DBF988195A1
  Adjourned on request of respondent SEBI · List matters on 12th August, 2021
  Appeal: Appeal Nos. 217/2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 adjourned on 12.7.2021; listed on 12.8.2021, not disposed
• Manipulation of RFL scrip via synchronised, reversal and self-trades by connected groups including promoter entities; promoter Anil Jain's failure to disclose >2% off-market transfer under SAST/PIT.
  AO penalty of Rs.10 lakh each on Bhavesh Pabari, Hemant Sheth, Ankit Sanchaniya for PFUTP violations · AO penalty of Rs.1 crore jointly and severally on Anil T. Jain, Chunnilal Jain, Nisha Rakesh Jain for SAST, PIT and PFUTP violations
  Appeal: Appeal Nos. 326, 327, 328, 336 and 413 of 2018 before SAT, reserved on 13.01.2020, date of decision 07.10.2020 against AO order dated 18.05.2018
• SAT matter SATV-764B3378A223261007EBF6C0
  Adjourned on request of respondent SEBI · List on 12th August, 2021
  Appeal: Appeal No.217 of 2021 with connected Appeals 446/2020, 460/2020, 451/2020, 469/2020, 476/2020, 477/2020, 478/2020, 554/2020, 567/2020, 178/2021 adjourned to 12 August 2021
• Collusive circular/synchronized/reversal trades as part of Narendra Ganatra group to create artificial volumes and raise Gemstone Investments price to enable promoter offload; failure to disclose crossing 5%/10% thresholds.
  Tribunal held impugned AO order calls for no interference; findings on collusion, artificial volumes and price influence sustained · Consolidated AO penalty sustained; appellant held liable under PFUTP, SAST and PIT provisions
• SAT matter SATV-B0B0C4742CCD5677C34E6FD2
  Permitted appellant to withdraw Appeal No.122 of 2015 · Granted three months to pay penalty imposed under impugned order
  Appeal: Appeal No.122 of 2015 disposed on 18/03/2016 as withdrawn with three months granted to pay penalty
• Manipulation of RFL scrip via synchronised, reversal and self-trades by connected groups and failure by promoter to disclose off-market transfer of over 2% shares.
  Appeal: Appeal Nos. 326, 327, 328, 336 and 413 of 2018 against AO order dated 18 May 2018; Order Reserved on 13.01.2020, Date of Decision 07.10.2020; operative disposal not in excerpt
• SAT matter SATV-FEF0C829A2CBF0235FF3A0EE
  Adjourned on request of respondent SEBI · List all connected matters on 12 August 2021
  Appeal: Appeal No.217 of 2021, 446/2020, 460/2020, 451/2020, 469/2020, 476/2020 and others adjourned to 12 Aug 2021; no disposal on merits on 12.7.2021