Shri Kanaiyalal Baldevbhai Patel

SAT-appeal

• Alleged front-running and fraudulent, unfair and manipulative trading: Dipak Patel allegedly tipped Anandkumar and Kanaiyalal Patel about Passport's impending orders, enabling trades ahead of Passport and subsequent squaring-off for profit.
  Appeal No. 78 of 2012 was disposed of pursuant to the Supreme Court's direction for a de novo decision. · The Tribunal independently assessed Anandkumar Baldevbhai Patel's liability for the alleged fraudulent and manipulative conduct.
  Appeal: Supreme Court disposed of the appeal concerning Anandkumar Patel on 05 April 2017, directing SAT to decide the matter afresh; SAT decided Appeal No. 78 of 2012 on 15 March 2019.
• Violation of Regulation 3 PFUTP Regulations attracting penalty under Section 15HA SEBI Act; original fraud details not reiterated
  Appeal Nos. 239 and 240 of 2018 dismissed with no order as to costs · Recovery Certificate dated 18.06.2018 for Rs 9,03,40,726.03 upheld
  Appeal: SAT order 09.11.2012 setting aside penalty was challenged in Civil Appeal Nos. 2595, 2596, 2666 of 2013; Supreme Court allowed appeals on 20.09.2017 restoring AO penalty; PVP precedent challenged in Civil Appeal Nos. 5202-5204/2019 - notice 12.07.2019 with stay only
• SAT matter SATV-7089373FD455F4AEA39A4902
  Adjourned on request of the appellant · List on July 20, 2022 for admission
  Appeal: Appeal No. 378 of 2022 with Misc. Application No. 472 of 2022 and Misc. Application No. 473 of 2022 adjourned, listed for admission on July 20, 2022
• Violation of Regulation 3 of PFUTP Regulations leading to Rs 5 crore penalty by Adjudicating Officer
  Appeal Nos. 239 and 240 of 2018 against Recovery Certificate dismissed with no order as to costs · Recovery Certificate dated June 18, 2018 upheld; interest payable from AO order date
• SAT matter SATV-630B7FF642BF44B799E7E7F6
  Miscellaneous Application No. 97 of 2018 for condonation of delay rejected · Appeal No. 114 of 2018 dismissed
  Appeal: Appeal No. 114 of 2018 dismissed on 15 March 2019 after rejection of Misc. Application No. 97 of 2018 for condonation of 594 days' delay
• SAT matter SATV-79651900EA316FF90E5C7B28
  Order disposed of by reference to the orders in Appeal No. 216 of 2011
  Appeal: Appeal No. 74 of 2012 decided on 09 November 2012; order states: "For orders see Appeal no. 216 of 2011."
• SAT matter SATV-CC58BFBE651BC6D8090A2BF0
  Impugned SEBI order set aside · Appeal allowed with no order as to costs
  Appeal: Appeal No. 378 of 2022 allowed on 20.07.2022; delay condoned vide Misc. Application No. 472 of 2022; stay application Misc. Application No. 473 of 2022 disposed