Shripal Shares and Securities Limited

SAT-appeal

• SAT matter SATV-03D5412BB95A1E3EDE4F1508
  Delays in filing the appeals were condoned. · Appeals 113 to 118 of 2020 were permitted to be withdrawn and dismissed as withdrawn.
  Appeal: Appeal Nos. 113, 114, 115, 116, 117 and 118 of 2020, decided on 1 February 2021; delays condoned and appeals dismissed as withdrawn.
• SAT matter SATV-053368D4946EB0687DDF18C8
  Appellants in all connected appeals directed to deposit 50% of the impugned amount · Balance impugned amount not to be recovered until disposal of the appeals if deposit is made
  Appeal: Appeal Nos. 119 to 124 of 2020 pending; connected matters listed for admission and final disposal on 27 April 2021
• SAT matter SATV-0C60942D8D93604A95C4C753
  Delays in filing Appeals Nos. 113 to 118 of 2020 were condoned. · Appeals Nos. 113 to 118 of 2020 were dismissed as withdrawn.
  Appeal: Appeal Nos. 113, 114, 115, 116, 117 and 118 of 2020, decided on 1 February 2021; all dismissed as withdrawn after delay condonation.
• Alleged circular and fraudulent trades among connected appellants, creating a misleading appearance of trading and inflating the price and volume of Sunteck Realty Limited shares.
  Appeals allowed to the extent that unlawful-gain calculations and corresponding penalties required reconsideration · Matter remanded for recalculation using the appropriate method and only relevant tainted sales
  Appeal: Appeal Nos. 119 to 124 of 2020 decided by SAT on 27 September 2021; common AO order dated 30 December 2019 challenged.
• SAT matter SATV-18404713AB849FEAAD6A4E7C
  Order reserved; no merits determination or operative relief recorded in the extracted text · Parties directed to act on the digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 heard together; order dated 20 September 2021 states that the order was reserved
• SAT matter SATV-2B1D24D2B66FD08F0FFB0C25
  All six appeals listed for hearing on 14 June 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 were pending and listed for hearing on 14 June 2021; no disposal on merits stated
• Executing circular trades and creating a misleading appearance of trading in Sunteck Reality Limited, inflating its price and volume, and obtaining unlawful gains through fraudulent and unfair trade practices.
  Appeals allowed to the extent that the unlawful-gain calculation and consequential penalties require reconsideration. · Matter directed to be remanded for recalculation of unlawful gains and penalties using the appropriate methodology and excluding unsupported sales.
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 decided by SAT on 27 September 2021; common SEBI AO order challenged.
• SAT matter SATV-30AFFEDA49B04C67460795A3
  Order reserved; no merits decision or operative relief recorded in the extracted text · Parties directed to act on the digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020; heard and order reserved on 20 September 2021
• SAT matter SATV-2A1FD0C410FE351A039E6200
  Appeals listed for 14 June 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 123, 119, 120, 121, 122 and 124 of 2020 were listed for 14 June 2021; no disposal on merits stated
• SAT matter SATV-33491D2070EB2E05CEABBEE7
  List Appeals Nos. 119–124 of 2020 on 17 March 2021 with miscellaneous applications · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 were pending and adjourned for listing on 17 March 2021; no merits disposal stated.
• SAT matter SATV-330AFE25F5531C712FF4A3FD
  Order reserved; parties directed to act on the digitally signed copy of the order.
  Appeal: Appeal Nos. 119 to 124 of 2020 heard; order reserved on 20 September 2021. No disposal on merits stated.
• SAT matter SATV-36DCBF9DA345325311281082
  Delays in filing all appeals were condoned. · Appeals Nos. 113 to 118 of 2020 were dismissed as withdrawn.
  Appeal: Appeal Nos. 113 to 118 of 2020, decided on 1 February 2021; dismissed as withdrawn after the one-year debarment period expired.
• SAT matter SATV-55EFD9112225B48E2415D66F
  Appellants in all appeals to deposit 50% of impugned amount within three weeks from 17.03.2021 · If 50% deposited, balance amount not to be recovered till disposal of appeal
  Appeal: Appeal Nos.119,120,121,122,123,124 of 2020 pending before SAT; Misc. Application Nos.269,270,300 of 2021 disposed of on 17.03.2021; next date April 27, 2021 for admission and final disposal
• WTM had held appellants liable warranting 1-year market access restraint; specific violations not detailed in SAT withdrawal order
  Delays condoned; Misc. Applications No. 116-121 of 2020 allowed · Appeal Nos. 113-118 of 2020 dismissed as withdrawn on appellants' request
  Appeal: Appeal Nos. 113,114,115,116,117,118 of 2020 with Delay Misc. Appl. 116-121 of 2020 decided 01.02.2021 - dismissed as withdrawn
• SAT matter SATV-AB7B5A5AF075605E26EB3FF3
  Order reserved after hearing parties · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 heard on 20.09.2021; order reserved
• SAT matter SATV-D7A2AB0DC9E5A2359C01CF56
  List Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 on March 17, 2021 along with misc. applications · Parties to take instructions from Registrar 48 hours before fixed date on video-conference vs physical hearing
  Appeal: Appeal Nos. 119, 120, 121, 122, 123 and 124 of 2020 pending; adjourned to March 17, 2021, not disposed on March 10, 2021
• SAT matter SATV-77493CD9E0650652512F3345
  Appellants in all appeals directed to deposit 50% of the impugned amount · Balance impugned amount not to be recovered if 50% is deposited
  Appeal: Appeal Nos. 119 to 124 of 2020 were pending before SAT; listed for admission and final disposal on 27 April 2021
• SAT matter SATV-4997ADB6E9CD11982C2038B2
  Appellants in all appeals to deposit 50% of impugned amount within three weeks · If deposited, balance amount not to be recovered till disposal of appeal
  Appeal: Appeal Nos.119,120,121,122,123,124 of 2020 pending; Misc. Applications Nos.269,270,300 of 2021 disposed of on 17.03.2021; listed for admission and final disposal on 27 April 2021
• Circular trades among connected entities via off-market transfers creating misleading appearance of trading and inflating Sunteck Realty price.
  AO had imposed penalty of twice unlawful gains under Section 15HA; SAT final directions truncated in excerpt
  Appeal: Appeals 119-124 of 2020 against AO order dated 30.12.2019, reserved 20.09.2021, decided 27.09.2021