Siya Bansal

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs 15 lakh on each appellant upheld
Applicants to pay Rs 10,000 costs to SEBI
AO penalty of Rs. 15 lakh upheld as not unreasonable or excessive

SAT-appeal

Manipulative trades repeatedly contributing to New High Price in KGN Enterprise Ltd scrip in violation of PFUTP Regulations.
Appeal dismissed with no order as to costs · AO penalty of Rs 15 lakh on each appellant upheld
Appeal: Appeal No. 67 of 2018 decided on 06.04.2018 - dismissed
Manipulative trades inflating KGN Enterprises Ltd scrip price in violation of PFUTP Regulations
Review Application No. 2 of 2018 dismissed as frivolous · Applicants to pay Rs 10,000 costs to SEBI
Appeal: Review Application No. 2 of 2018 in Appeal No. 67 of 2018 disposed on 05.06.2018; original appeal decided 06.04.2018
Executed irregular trades in KGN Enterprises Ltd on 27.12.2011 to inflate price by trading small quantities, creating New High Price in violation of PFUTP Regulations.
Delay of 160 days condoned and Misc. Application No. 117 of 2018 disposed · Appeal No. 154 of 2018 dismissed on merits
Appeal: Appeal No. 154 of 2018 dismissed on 05.06.2018 after condoning 160 days delay; related Appeal No. 67 of 2018 by Siya Bansal and Rajan Bansal dismissed on 06.04.2018

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Source: SecMarx — Siya Bansal. 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.