Shri Danish Merchant

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned AO orders set aside
Impugned AO orders dated March 27, 2014 set aside

SAT-appeal

Alleged synchronized trades between appellants in Supertex Industries Ltd creating false and misleading appearance of trading, hence fraudulent.
Impugned AO orders set aside · Case remanded to AO for de-novo proceedings
Appeal: Appeal Nos. 151 of 2014 and 177 of 2014 disposed by common SAT order dated 24/11/2014; impugned orders set aside and remanded
Alleged synchronized trades between appellants in SIL scrip during IP creating false/misleading appearance of trading and hence fraudulent.
Impugned AO orders dated March 27, 2014 set aside · Case restored to AO file for de novo proceedings
Appeal: Appeal Nos. 151 of 2014 and 177 of 2014 disposed on 24/11/2014 - impugned orders set aside and remanded for de novo adjudication

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Source: SecMarx — Shri Danish Merchant. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.