Shweta Dhiren Agrawal

SAT-appeal

• The appellants, acting in concert, allegedly acquired 11.36% of the paid-up equity capital of Parichay Investments Limited, triggering disclosure obligations under Regulation 7 of the SAST Regulations, 1997 and Regulation 13 of the PIT Regulations, 1992.
  Appeal No. 92 of 2019 was dismissed. · Appeal Nos. 119, 120 and 121 of 2019 were partly allowed.
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 3 May 2019; Appeal No. 92 dismissed and Appeals Nos. 119, 120 and 121 partly allowed. Delay of 92 days condoned.
• The appellants, allegedly acting in concert, cumulatively acquired 11.36% of Parichay Investments Limited and failed to comply with disclosure obligations under Regulation 7 of the SAST Regulations, 1997 and Regulation 13 of the PIT Regulations, 1992.
  Appeal No. 92 of 2019 was dismissed and the Rs. 3 lakh penalty on Shweta Dhiren Agrawal was upheld. · Appeal Nos. 119, 120 and 121 of 2019 were partly allowed.
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided by SAT on 3 May 2019; Appeal 92 dismissed and Appeals 119, 120 and 121 partly allowed.
• Failure to make a public announcement under the takeover regulations.
  Appeal No. 43 of 2022 dismissed on the ground of inordinate delay and laches. · Miscellaneous Applications Nos. 12 and 13 of 2022 dismissed.
  Appeal: Appeal No. 43 of 2022, filed in January 2022, dismissed by SAT on 04 February 2022 for inordinate delay and laches.
• Alleged fraudulent and unfair trade practices in violation of Section 12A of the SEBI Act read with Regulations 3 and 4 of the PFUTP Regulations.
  Impugned AO order dated 16 November 2018 quashed. · Matters remitted to the AO for fresh decision after giving appellants opportunity to file replies and contest.
  Appeal: Appeal Nos. 36, 37, 38, 39 and 52 of 2022 allowed on 29 August 2022; impugned order quashed and matters remitted.
• PACs cumulatively acquired 11.36% of Parichay Investments Ltd without disclosures triggering SAST Reg 7 and PIT Reg 13
  Appeal No. 92 of 2019 dismissed - Rs 3 lakh penalty upheld · Appeal Nos. 119, 120 and 121 of 2019 partly allowed - Rs 6 lakh reduced to Rs 3 lakh each
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 03.05.2019 - No.92 dismissed, Nos.119,120,121 partly allowed
• Alleged violation of Section 12A(a),(b),(c) read with Regulations 3 and 4 of PFUTP Regulations, 2003 for fraudulent and unfair trade practices.
  Impugned AO ex-parte order quashed and Appeals No. 36,37,38,39,52 of 2022 allowed · Matters remitted to AO to decide afresh after giving opportunity to file replies and contest
  Appeal: Appeal Nos. 36,37,38,39,52 of 2022 allowed on 29.08.2022; prior Appeal No.123 of 2019 allowed on 07.11.2019 with remand for fresh SCN
• SAT matter SATV-8FF4C2B93E134B868F109254
  Appeal No. 40 of 2022 and Misc. Application No. 10 of 2022 dismissed on ground of laches / inordinate delay · No order as to costs
  Appeal: Appeal No. 40 of 2022 with Misc. Application No. 10 of 2022 filed Jan 2022 against WTM order dated 31.07.2019 dismissed on 04.02.2022 for delay
• Alleged violation of Section 12A of the SEBI Act read with Regulations 3 and 4 of the PFUTP Regulations.
  Impugned AO order was quashed and set aside. · Matters remitted to the AO for fresh decision after giving appellants opportunity to reply and contest.
  Appeal: Appeal Nos. 36, 37, 38, 39 and 52 of 2022 allowed on 29 August 2022; impugned order quashed and matters remitted.
• Alleged fraudulent and unfair trade practices violating Section 12A SEBI Act read with Regulations 3-4 PFUTP Regulations; specific scrip/trades not detailed in SAT order
  Impugned AO ex-parte order quashed · Appeal Nos. 36, 37, 38, 39 and 52 of 2022 allowed
• Violation of PFUTP Regulations 3(a)-3(d), 4(1), 4(2)(a) and 4(2)(g) relating to fraudulent and unfair trade practices
  Dismissal of Appeal No. 49 of 2022 and Misc. Application No. 19 of 2022 on ground of laches / inordinate delay · No order as to costs
  Appeal: Appeal No. 49 of 2022 with Misc. Application No. 19 of 2022 filed Jan 2022 against AO order 29 March 2019; dismissed as time-barred on 04.02.2022
• Penalty imposed on appellants in PAC capacity; underlying violation detailed in linked Appeal No. 483 of 2018, not specified here
  Appeal No. 412 of 2018 partly allowed · Rs. 2 lacs each penalty on PAC modified to Rs. 2 lacs jointly and severally
  Appeal: Appeal No. 412 of 2018 partly allowed vide SAT order dated 28.06.2019
• PACs together acquired 11.36% of Parichay Investments Ltd triggering Reg 7 SAST 1997 and Reg 13 PIT 1992 disclosures, which were not made.
  Misc Applications 175-177/2019 allowed; 92 days delay in filing appeals condoned · Appeal No. 92/2019 (Shweta Dhiren Agrawal) dismissed; Rs 3 lakh penalty upheld
  Appeal: Appeal Nos. 92, 119, 120 and 121 of 2019 decided on 03.05.2019: Appeal 92 dismissed; others partly allowed with penalty reduced
• Alleged violation of Section 12A SEBI Act read with Regulations 3 and 4 PFUTP Regulations for fraudulent and unfair trade practices.
  Impugned AO ex-parte order quashed, appeals allowed · Matters remitted to AO to decide afresh after allowing replies and contest
  Appeal: Appeal Nos. 36, 37, 38, 39, 52 of 2022 allowed on 29.08.2022; impugned AO order quashed and remanded