Shri Chauhan Vijaykumar Babubhai

SAT-appeal

• Investigation concerned alleged irregularities in the IPO of RDB and subsequent listing-day trading amid wide price fluctuations. The appellants had been restrained from trading and faced parallel adjudication proceedings.
  Review Applications Nos. 1 to 4 of 2015 dismissed · Request to remand matters to the Adjudicating Officer for fresh consideration rejected
  Appeal: Review Applications Nos. 1 to 4 of 2015 in Appeals Nos. 93, 104, 180 and 181 of 2014 dismissed by SAT on 13 March 2015; review sought of the Tribunal's order dated 19 December 2014.
• Received part of RDB Rasayans IPO proceeds routed circuitously through interconnected entities to meet T+2 pay-in for loss-making listing-day trading, violating PFUTP fraud provisions.
  Misc Applications 73/2014 and 74/2014: 5 days delay condoned and disposed · Tribunal accepts and upholds AO finding that RDB routed IPO money via web of entities to fund appellants T+2 payments
• Investigation into IPO of RDB and subsequent trading on listing day amid wide price fluctuations; consequential adjudication proceedings following WTM restraint orders.
  All Review Application Nos.1 to 4 of 2015 dismissed · Request for remand to Adjudicating Officer for fresh consideration after hearing and documents rejected
  Appeal: Review Application Nos.1-4 of 2015 in Appeal Nos.93,104,180,181 of 2014 dismissed by SAT decision dated 13/03/2015; earlier SAT order dated 19/12/2014 upheld
• RDB Rasayan IPO proceeds routed circuitously through web of interconnected entities to Sardhav and then to four loss-making listing-day buyers to fund T+2 pay-in, violating fraud/manipulation prohibitions.
  Delay of 5 days in Appeal Nos. 180 and 181 of 2014 condoned · AO's findings upheld that IPO money routed via interconnected entities to enable T+2 payment
  Appeal: Appeal Nos.93,104,180,181 of 2014 decided 19/12/2014; Tribunal upheld AO's conclusions against all appellants
• Alleged manipulation in IPO of RDB and trading on listing day which witnessed wide price fluctuations, leading to WTM restraint and AO penalty proceedings.
  Review Application Nos.1 to 4 of 2015 dismissed · Request for remand to Adjudicating Officer for fresh consideration rejected
• Alleged irregularities in IPO of RDB and subsequent trading on listing day which witnessed wide price fluctuations.
  Review Applications No.1 to 4 of 2015 dismissed · Plea to remand matter to Adjudicating Officer for fresh consideration rejected
• RDB Rasayans IPO proceeds routed circuitously through interconnected entities to fund four loss-making listing-day buyers to meet T+2 pay-in obligations.
  Misc. Applications 73 and 74 of 2014 - 5 days delay condoned and disposed · Appeal Nos. 93, 104, 180, 181 of 2014 heard together, lead order in 93 of 2014 applies to all
  Appeal: Appeal Nos. 93, 104, 180, 181 of 2014 decided 19/12/2014 - AO findings upheld, appeals effectively dismissed
• RDB Rasayan IPO proceeds allegedly routed circuitously via connected entities to fund loss-making listing-day buyers to meet T+2 pay-in obligations.
  Delay of 5 days in Appeal 180 and 181 condoned · Findings of Adjudicating Officer upheld
  Appeal: Appeal Nos. 93, 104, 180 and 181 of 2014 decided on 19/12/2014 - AO findings upheld